Based on the recent research on how manufacturing companies are coming up in the market industry, they have been increasing their production on the different branches of technology.
Manufacturing firms have been investing more in new resources for Artificial Intelligence (AI), Apps on mobile phones, and the Internet of Things (IoT).
These three are some of the latest trends in technology that are hitting a score on the market. People have wanted more and more of these, and manufacturers have been maximizing their services on new technology.
Accordingly, manufacturing firms have been in transition adapting to new developments in technology relating to people’s demands and expectations.
Today, people want their products to be more useful at a reasonable price, and this is what these firms have been doing their best to satisfy consumers.
While customer’s demands change from time-to-time, manufacturing firms have been focusing on increasing their capability to supply and provide for the people.
The first on the list is Artificial Intelligence or commonly called AI. It is one of the newest progressing tools in technology, and it has been one of the most awaited by many.
It creates intelligent machines and devices which can fill in the gap between people’s daily activities like speech recognition, learning, planning, and problem-solving.
Artificial Intelligence has been a great instrument in the innovation of health technology and the creation of new devices which suites people’s changing demands.
More than half of new technology has been using AI while old devices also try to cope up with its smart way serving people. AI anticipate problems and issues before it could ever happen.
Accordingly, these might replace workers in the future as it grows and gets work done better than human force.
Another area where manufacturing companies have been working on is the mobile app industry also called the ‘app economy’ where people spend most of their working and leisure time.
The app industry has been earning more than billions yearly and is still growing as these apps have already been an integral part of our daily lives. Today, mobile apps are not just used as a luxury but already a necessity.
Mobile apps provide quicker and easier access to most work activities. It also gives a better quality of output, and for years, manufacturing firms have been thriving on it.
Lastly, manufacturers have been dealing with one of the latest in technology which allows users to maintain the efficiency of the products and devices that they have.
Accordingly, the Internet of Things (IoT) is almost similar to AI. It has sensors that can detect problems before it happens.
The IoT Industry is predicted to be worth up to $517bn by the year 2020 and is also said to be a steady and growing part of the manufacturing and production industry.