Manufacturing remains a vital force in driving economic growth and raising living standards. It has ushered in a new era with the adoption of artificial intelligence (AI), big data, cloud computing and the Internet of Things (IoT), and the use of 3D printing, advanced material and collaborative robotics in the production process to achieve the best business outcomes.
New manufacturing is fundamentally empowered by data. Data analytics can generate descriptive, inferential and predictive information to help companies make solid strategic decisions, perfect the business model, automate the production process, enhance operational efficiency and improve customer experience.