TECHNOLOGY TREND 5: MANUFACTURING Robotic process automation (RPA) is a mechanical technology that will continue to grow in innovation, and more companies and organisations will adopt it to improve operational efficiency with tactical automation. By 2050, technological advancements in robotics and automation will put science fiction into reality, more or less. In 2017, robotics was seen to be the next technological revolution. By the end of 2033, the global industrial robotics market is estimated to surpass USD220 billion. Now it stands at USD39 billion.
Manufacturing of the future is formation of intelligent factories, shaped by four trends, according to Microsoft:
This is about preventing supply chain disruptions to ensure resilience across materials, inventory, and the whole distribution network.
The industrial metaverse is built on the foundation of AI, digital twins, mixed reality, and cloud-to-edge technologies.
A connected workforce is critical to improving operations by streamlining daily work with a connected workforce for increased efficiency, safety, and productivity.
Sustainability is a top priority for manufacturers who are adopting eco- friendly practices and implementing initiatives.
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Malaysian Technology Strategic Outlook 2023/2024 Energy, Healthcare & Space Industry
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