The Future of Manufacturing and How the Latest Technology is About to Change It for the Better

The Future of Manufacturing and How the Latest Technology is About to Change It for the Better

Manufacturing may have slowed down for the time being, but it is by all means temporary. It will nonetheless take significant time and a reliable vaccine before things can get back to complete normalcy. The tech we are about to discuss next, however, might contribute heavily towards making that revival of the manufacturing industry in the UK and abroad much faster.

Factory Workers Will be Getting Access to Wearable Smart Tech

Smart, wearable technology is a term that can be attributed to any modern device that has the following characteristics:

  • It must be capable of computational work to some degree
  • The device should not just be mobile, but must also be wearable – e.g. smart glasses, sensory bands, etc.
  • There should at least be a rudimentary algorithm installed for enabling machine learning

What Benefits Will They Bring?

In the industrial sector, smart wearables such as smart glasses and other sensory equipment will bring forth the following benefits to both workers and businesses that employ them:

  • Pinpoint accuracy on work, aided by the visual feed and instructions playing in front of their eyes on their smart glasses
  • Better safety will be ensured in potentially dangerous working conditions since on-body sensors can warn workers before an accident
  • Faster work will be possible, as data syncing between each manufacturing unit’s workers and the concerned information will be seamless

It is expected that wearables in manufacturing will have a market value of $2.6 billion by the end of 2023, but what a lot of people aren’t aware of is that industrial smart wearables already had a market value of $1.6 billion back in 2017!

Surge in Availability and Demand for Renewable Energy Sources is Already Here

When the traditional energy suppliers are either struggling or have already got themselves out of the grid, a number of favourable situations have put renewable energy on top of the list.

  • The government subsidy has kept them from being affected by ongoing dips in commercial electricity prices
  • Amazing improvements have been made in the core technology used to collect and store solar energy recently
  • Thanks to the introduction of industrial-grade Tesla solar batteries, renewable energy providers can now store unprecedented amounts of electricity
  • The weather itself has been particularly favourable in 2020, for both wind and solar energy generation in the UK
  • Reduced competition from traditional energy providers have allowed them to capture a much larger portion of the market

Due to the ongoing and indefinite lock-downs, the price of electricity per kWh has come down by 40% in May (as compared to May 2019). The companies that are still operating are quite hungry for business, as most of their consumers have been shut down. Now is the perfect opportunity to land business electricity deals for commercial ventures of any size, by using the highly competitive market and pitting the electricity providers against each other in a bid for the lowest/most ideal quote on Utility Bidder. Keep in mind that some of the tech mentioned here will take longer to become more practical or even available for mass distribution than others, especially due to the current setback. However, once things begin to ease up, expect most of what we discussed to make their presence felt in 2021.