When the New Year comes, people are always curious of what tech products will buzz the market. However, manufacturing industry will seem to get the momentum in 2019. Many predict that manufacturing platforms will rise and grow well this year. They are businesses that create new standards and rules in production and development. The new process opens up opportunities for local manufacturers.
In response to the trade war between the U.S and China, manufacturing industry needs to find innovative ways to survive. The new trend is a shift to factory-less production. For many years, product design and marketing had become two entities, which were separated from the real production process. However, the new manufacturing platforms have transformed it.
Manufacturing Platforms and Internet of Goods
During the last few years, technology industry has focused on Internet of Things (IoT). In 2019, a new term emerges, namely Internet of Goods (IoG). The latter has something to do with the new platforms in manufacturing industry. The new platforms allow the manufacturers to distribute he production processes, thus minimizing the effects of economic buzz.
For instance, 3D Hubs claims itself as the largest network of manufacturing hubs in the world. What does this mean? The manufacturing hub offers manufacturing platforms that allow the customer to make order online. The customers just need to place the orders and quotes by uploading files, and the products will go into production in few minutes.
Similarly, Xometry offers its customers with instant access to more than 2.500 manufacturers across 50 states. The company also claims itself to be largest in its category. Regardless of variety in the services, these companies offer scalability in its services, or called “manufacturability.”
Why Manufacturing Platforms Will Grow in 2019
As discussed above, manufacturability refers to the saleable manufacturing capacity offered by the platforms. Manufacturability is determined by algorithms, which work just like Google’s search engine algorithms. Many predict that the new platforms will grow in 2019 due to the following reasons:
- Manufacturability algorithms can be improved by means of machine learning. Experience of the platform in many products will provide important information for future improvements.
- Manufacturability algorithms can help in improving the efficiency in designing the product. The designers can immediately get the feedback on the products, such as feasibility, estimated costs, and market potentials, before making the prototype. Then, the products will proceed to production process after the designs are approved.
- The manufacturing platforms can help startups to accept global demands. The key lies upon the requirements of the algorithms. When they meet the criteria, manufacturers from any states, can get the global orders.
Finally, the system allows the customers to customize the products before they are manufactured. This certainly benefits both the customers and the producers. The latter get the desired products while the letter get can maximize profits while minimizing the risks of product return.
Those are some reasons why manufacturing platforms will get the momentum in 2019. The key is technology. As the internet of thing has been established, the new platform comes. This year is the turn for new manufacturing platforms. Let’s wait and see whether this will come true this year.