Manufacturing Digitalization in 2022

1. Manufacturing Digitalization in 2022 How to define a digital product? Product digital transformation involves the integration of digital technologies into processes and products to improve product efficiency and quality. The digital transformation of the product aims to increase operating efficiency and reduce costs. The digital translation technology ensures the quality of the product. It makes the work more efficient, safer and less stress free. What is involved in product digitization (industry 4.0)? Industry 4.0 is product digitization. Cyber physical systems, IoT, and cloud computing are the current trends in product automation and data transfer. Industry 4.0 enables the construction of advanced and innovative smart factories, with a modern emphasis on connected devices, cloud computing power, and slim, efficient operation. Industry 4.0 includes design, sales, inventory, scheduling, quality, engineering, and customer and field services. Five Benefits of Product Digital Transformation - Manufacturing companies can benefit from digitization in a variety of ways. It helps to make work more efficient, decentralized and secure. It further creates new business opportunities and attracts new talents to the industry. In addition, the integration of products into a digital ecosystem increases their value and attractiveness. We will dig deeper into each of the five major benefits.

2. Reduces costs - Technology is an invaluable partner in reducing the costs of a manufacturing company in the future. The incorporation of digital technology leads to the transformation of procedures and the digitization of documents, leading to overall process optimization. Therefore, a reduction in labor costs can be expected as a result of eliminating unnecessary costs. Additionally, digitization enables businesses to accurately estimate and estimate costs significantly, ensuring that budgets are in order. Additionally, it eliminates and replaces inefficient jobs in the process, significantly increasing their efficiency. This efficiency is converted into time savings, resulting in a significantly cheaper production process. Decentralized production - Product digital conversion allows companies to remotely monitor products, allowing production to proceed smoothly. In rare cases, such as Covid-19, digitized businesses have not even had to stop or slow down production. These systems can work longer than any employee without interruption. Digitization also enhances system flexibility and reactivity. For example, if a manufacturing plant has a problem, an automatic alert will be generated and the problem will be resolved regardless of the date, time or arrival. Improved operational efficiency - Smart product connectivity allows devices to connect and communicate with each other (M2M). This relationship enables decentralized decision making. Most duties do not require an employee to be physically present. New products and product models increase accuracy, efficiency and responsiveness while minimizing boring, risky activities. Transforming businesses digitally means making better decisions based on real-time data analytics. Training, modification and repair are no longer a problem due to low frequency and automation. New business opportunities - New digital technologies enable the production of previously non-viable products and services, generating new revenue streams. Also, new services (innovation or redesign) are being launched at a significant pace. Companies can use big data and AI to experiment, anticipate trends, and predict new developments. These technologies help organizations become more eco-friendly and create products that are less harmful to our environment. Attracts new talent - In this complex and disruptive environment, professionals with basic skills are drawn to digitized organizations that keep up to date with trends and processes. Also, if the difference is well managed, it will lead to higher profits and increase employee satisfaction. Human motivation, with excellent digital technologies, will reflect the company’s productivity and profitability. Dusseldorf @ Germany: Deloitte Digital Factory - Dusseldorf's Digital Factory provides a flexible backdrop for innovative workshops and training, adding to the

3. seamless experience of both old and new supply chain and industrial operations. Specific usage examples, as well as the Digital Solutions division, will motivate and encourage businesses to embark on their digital transformation journey using the most up-to-date technologies in the process. Product digitization has much to offer the industry, and many manufacturers are capitalizing on this new phase of the Industrial Revolution, incorporating cutting-edge technologies into manufacturing and business operations. As mentioned earlier, the benefits of digital transformation of the manufacturing business increase the importance of digitization in the industry. Transform your traditional product operations with these new product trends and keep track of the results that other lucrative product businesses have achieved. Read interview by jeff epstein