The steel industry dates back to the 19th century and played a central role in the Industrial Revolution, which paved the way for the modern world. Steel continues to be a dominant iron alloy as it it’s used in construction, manufacturing, mechanical engineering, and other verticals. But steel production is both environmentally harmful and dangerous to workers. To address these two conundrums, steel producers must invest in digital transformation.
Today, mobile robots serve as a pillar of the digitization of manufacturing and logistics. As no surprise, Automated Guided Vehicles (AGVs) are at the forefront of modernizing manufacturing and logistics, as they save companies time and money while being highly precise with handling containers, pallets, materials, components, and other important assets. Not to mention, AGVs, like exoskeletons, significantly decrease the risk of workplace injuries.
Very rarely does a technology come along that makes engineers completely rethink product development. Generative design is one such innovation and it is propelling the manufacturing industry into an entirely new realm. Combined with Augmented Reality (AR), the possibilities are limitless.
The modern manufacturer has a plethora of advanced technology options to choose from. For example, mobile robots can streamline assembly line processes and simulation software can shape the product or process design. Although the COVID-19 pandemic may have put a hold on heavy investment from some companies, the hiatus was just temporary. Whether it’s pressure from the competition, workplace safety, government regulation, or something else entirely, manufacturers have been and will continue to be one of the most significant market opportunities for technology vendors.
When it comes to the robotics market, automation-enabling devices like cobots and 5G robots tend to garner a lion’s share of the attention. However, there is one technology that has flown under the radar yet is poised to make just as big of an impact – exoskeletons. By 2030, global revenues will reach more than US$3.9 billion in this emerging market, with industrial use cases being a major catalyst.
The term “digital twin” gets thrown around casually, but it’s important to recognize the distinction between the different types of digital twins and understand the role of a digital thread.
Industrial digital twins, once rarely discussed among C-level executives, are firmly in the mainstream. This transformative technology is being used to test the waters with new operational approaches and collect real-time data on asset performance. The opportunities of digital twins for manufacturers are exciting.