Manufacturing sector is no longer untouched by technology storm and its whole potential which have robust growth and set new standards across industry verticals.
The whole advancement and deployment of 5G networks and its amalgamation with other technologyboost and trends, in conjunction with IOT, edge computing, machine learning and artificial intelligence, will create the perfect technological hurricane for major breakthrough advances across industries. According to a new study by the Institute of Electrical and Electronics Engineers (IEEE). Artificial intelligence (AI), machine learning, 5G and Internet of Things (IoT) would be the most important technologies in 2021. As we close out 2020 which has been fueled by pandemic and look ahead to 2021 and beyond, we see not just growth in the IoT, but increased use cases and trends surrounding them. Thanks to high speed networks and improvement in AI and ML and with increased connectivity, digital transformation proliferated rapidly. IOT looks all set to mushroom its roots in our lives and industries.
Manufacturing sector is no longer untouched by technology storm and its whole potential which have robust growth and set new standards across industry verticals. In this piece we will try to map the potential of IOT and 5G networks in manufacturing businesses. Let’s digest the fact that many companies will drive great value from 5G and IOT; but it will come in waves. Businesses poised to benefit from the upswing in 5th generation mobile operator and network providers, component and module suppliers, machinery and industrial automation companies as well as manufacturing companies. B2B opportunities especially abound in Industry 4.0,which is the existing trend in industry automation and data exchange in manufacturing units and technologies. It includes cyber-physical systems, the internet of thing and cloud computing. Industry 4.0 have set a whole new level of high standard “Smart factory” revolution.
Scope of Industry 4.0 abound to B2B Sector
Industry 4.0 within the B2B sector is the most affluent short-term opportunities for 5G and IOT – The digitization of manufacturing and other production process.In this fragment, 5G will garner clear performance benefits for several use cases in near future. Manufacturing players that want to make their headway with 5G should prepare themselves listing out the potential use case of 5G use cases, and give priority to the most distinctive one. Finding partners to help develop affluent solutions should be their first choice of action. Manufacturing units should consider relying over private networks to back their efforts, in order to that they don’t have to hang on to telecom operators. To name a few the biggest trend in industry 4.0 are predictive maintenance, smart factory, smart censors and robotics.
Companies suave to win
The further growth and extension of 5G will not only benefit manufacturing business but also, amplify user experience and supply of this technology or corelated interface. For example, operator and telecom provider will be able to enhance safety of user data, advance their capacity and network performance. Within advance electronics,various research and analysis suggest that major three groups, module and component suppliers, industrial and machinery automation players in addition with manufacturing players are particularly stationed and poised to realize gains. Both component and module providersare investing in R&D while at the same time lookinginto chipsets for specialized applications.While, Automation in manufacturing facilitated by innovation such as vision quality check and machine learning. Many companies are determined to question how they can integrate this technology in their operations.
Value proposition of 5G & IOT for Industry 4.0
Within manufacturing units and plants, the present connectivity alternatives have several major drawbacks that make it difficult to imply industry 4.0 use cases. Wi-Fi network often account hinderance particularly in dense setting, and fixed connection is lumber some and not more economically effective in large manufacturing environment. With the origin of 5G network providers, manufacturing companies will get a reliable alternative thatenables communication essential to manyIndustry 4.0 applications, such as the wirelesscontrol that is especially critical for mobile tools,machinery, and advance robotics.Based on research proposed by McKinsey and company, some of the most compelling distinctive use cases within the industrial manufacturing are Automated guided vehicles (AGVs), real time process control, 3-D bin picking, and vision quality checks with advance AI systems.
Distinctive use cases of 5G & IOT in year 2021
Glancing at the distinctive use case of the industry 4.0, manufacturing will drive demand for B2B in IOT & 5G units from 2021 to 2030. Report published by McKinsey on the 5G era “New horizons for advanced electronicsand industrial companies” states that, that at this moment, 5G will account over half of all 5G sales for distinctive use cases.In the coming decade year 2021 through year 2030, 5G IoT demand will bemore adequate for other distinctive use caseswithin Industry 4.0, including those related toconstruction and mining, supply chain, andagriculture.
5G has already obtained adherents in the B2C segment, and business players will build on this base.Although this technology has offered many opportunities, but advanced electronics companies and industrialsmust plan their move carefully to ensure a strong return on investment in year 2021 and over the next few years. Thecompanies that run after distinctive use cases and prepare for standardization may be theones that will capture the greatest returns.