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5 Ways Technology is Transforming Manufacturing

There are plenty of technologies that are drastically transforming the landscape of modern manufacturing, and in this article, we will explore five of the most notable ones.

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Could AI detect frauds

The field of manufacturing has come a long way over the years. Each new year brings new technological advancements that can hugely increase efficiency, accuracy, and safety. There are plenty of technologies that are drastically transforming the landscape of modern manufacturing, and in this article, we will explore five of the most notable ones.

1. 3D Printing

3D printing is one of the most well-known technological advancements of the last decade, and it also has applications in commercial manufacturing. Producing prototypes of a new product often require expensive materials, components, and processes. 3D printing can reduce the overheads necessary for creating prototypes and save businesses valuable time due to its speed compared to traditional construction methods.

3D printing is often much less wasteful than other forms of manufacturing, as traditional processes like subtractive manufacturing—where excess material is removed, similar to how a sculpture is carved from marble—leave many waste products.

2. Indoor Mapping

Indoor mapping is the process of visually representing an indoor space, either via a simple 2D floor plan or a more complex system. The most advanced forms of indoor mapping include 3D computer-generated maps that can be interacted with in real-time!

Indoor mapping is beneficial for planning warehouse and factory space to be used most safely and effectively.

Could AI detect frauds- Technology

3. Robotics

When most of us think of robots, we think of sci-fi movies like RoboCop or Star Wars. In reality, robots have more down-to-earth functions (at least for the time being!), such as those in warehouses.

Factories and warehouses often use logistics automation solutions to carry out tasks like transporting goods and materials so that human workers do not have to. Of course, we are still a way off from a fully robot-controlled factory or warehouse.

4. Augmented Reality

Even if you are unfamiliar with the term “augmented reality”, you have most likely come across examples of it before. Filters on camera apps and social media apps like Facebook, Snapchat, Instagram, and Tik Tok are trendy.

Despite these being the most recognizable examples, augmented reality has plenty of practical uses in the industry too. For example, indoor mapping systems often incorporate augmented reality to provide visual markers for workers or robots to use when working. Hazards such as spillages or dangerous machinery can be marked out to enable them to be avoided and increase workplace safety, for example.

Combining indoor mapping, augmented reality, and robotics can be efficient for a modern manufacturing workplace.

5. Inventory Management

Inventory management is an essential part of manufacturing and logistics. Even with computerized stock databases such as those used by online stores, the quantity of items available still has to be ascertained by a worker before databases can be updated.

Knowing which items are in stock or which supplies are available and updating databases can be carried out by human workers but is increasingly being carried out by autonomous robots. This looks likely to continue.

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Business

Upgrades That Will Help Your Business Thrive

Once you’ve identified your goals and how to attain them, you can then grow your business in specific areas according to what you want to achieve.  The following 13 upgrades cover common areas of business that typically need developing:

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Upgrades That Will Help Your Business Thrive

Continuous improvement should be the primary goal of any business.  While it takes time and effort and some financial outlay, it’s crucial to continue growing and striving toward becoming the leader in your field.

This guide offers 13 ideas to help your business grow, increase your customer base, improve your productivity and boost your bottom line.

Start With A Solid Foundation

Before you commit to growth you should ensure your business is built on solid ground.  Here are some tips to help you begin:

Know your business – the use of tools such as benchmarking, market research and trend analysis will help you get a better picture of the factors affecting your business.

Take charge of your finances Make a commitment to understanding your daily, weekly, and monthly figures. Unless you have a dedicated accountant, you need to have a thorough understanding of your financial situation.

Prioritize your goals – identify those business goals which can be achieved relatively quickly and those which will require more time and financial investment. Make sure the goals you set are relevant and can be achieved in a realistic timeframe.

Develop a plan – once you’ve identified your goals, you will need to develop strategies to realize them and the best means of implementing those strategies.

Make your results measurable – work out how you are going to measure your results.  You may want to introduce devices such as a point system or desired percentage increase.

13 Ways To Upgrade Your Business

Once you’ve identified your goals and how to attain them, you can then grow your business in specific areas according to what you want to achieve.  The following 13 upgrades cover common areas of business that typically need developing:

Include reviews – today’s consumers place great value on the opinions of their peers when it comes to buying products. Upgrading your website to include customer reviews will help to increase sales and boost customer confidence. Be sure to include both good and bad reviews if you want to be taken seriously.

Upgrade your internet an upgrade to FTTP (fiber to the premises) now will pay big dividends for your business down the line and it doesn’t have to cost you anything.  Qualifying businesses connecting to high-speed NBN plans can enjoy a $0 upfront cost.

Computer Monitor and Other Remote Work Must-Haves

Introduce automation – there is a multitude of software and applications designed to reduce labor costs and increase productivity. Many are inexpensive and can free up small business owners, allowing them to focus more on growing their core business.

Increase your social media presence – rather than just a Facebook page and a presence on Instagram and Twitter, you should look at other forms of customer interaction such as articles, sponsorship, blogs, and webinars.

Start networking – as well as an online presence, you need to get out there more and attend industry-related events such as expos and seminars.  This is, not only to network with others in your field but also to forge new contacts with like-minded businesses, with cross-promotion in mind.

Create a rewards program – think of ways to reward your existing customers to maintain their loyalty and incentivize them to buy from you again.  These could include early access to specials and exclusive offers not available to the general public.

Create an email list – email addresses of existing customers are a valuable resource you should be taking full advantage of.  Send those on your mailing list regular reminders of what you have to offer, but make sure it’s valuable content rather than what could be perceived as spam.

Ask for feedback – another valuable resource is your customers’ opinions.  Ask them what they think of your products and then use this feedback to improve your product line and customer service.

Streamline your business – identify which products aren’t selling, which employees aren’t performing and any other areas that may be holding you back.  Make changes and be ruthless on behalf of your business.

Reduce overheads – look at ways to cut costs within your business such as transitioning to a remote workforce or outsourcing business processes such as payroll, HR, and bookkeeping.

Invest in your people – good staff morale translates into good customer service. Provide your employees additional training, advancement opportunities, and a fair wage to ensure a healthy company culture.

Improve your credentials – reduce your carbon footprint, introduce sustainable processes and practice corporate responsibility in order to retain and grow your customer base.

Increase cybersecurity upgrade your cybersecurity systems to make sure you are protected from the latest threats from hackers, malware, etc.  This is particularly important if you have a remote workforce.

Roughly half of all small businesses don’t make it past their fifth year of operation, so continuous improvement needs to be a priority from day one. Adopting just a few of the measures suggested here should help keep your business on trend, competitive, and above all, profitable.

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