Technology in Manufacturing

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  By: Sandeep Kannan
Via: twitter.com
Technology in Manufacturing https://t.co/jX587aCXK8



The term “VUCA”( Volatile, Uncertain, Complex and Ambiguous )is often used to describe the world we live in. What makes it even more so, is new trends and technologies that upset the status quo and bring about a paradigm shift in the way things are done. The term “ creative destruction” was coined by Joseph Schumpeter to capture this process of new production units replacing outdated ones. New variables can be added to the playing field which makes connecting the dots more complicated. The manufacturing industry globally seems to be at similar cross roads. New technologies are making production more efficient than before and are reducing the need for manual intervention in monitoring and evaluation as well. Following are some trends to watch out for today, that have the potential

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