Manufacturing Business Technology reported, "With application user interfaces that can be configured to their needs and speed of deployment, these cloud solutions are in many manufacturers’ plans for 2018 as they seek it to accelerate their expansion while increasing profitability. In 2018, there are ten key ways cloud computing will drive manufacturing growth."
Cloud computing in manufactuirng assists with maintaining great product quality and improving cycle time. It gives you visibility with your machines, boosting your OEE.
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The potential of manufacturing to continually reinvent, revitalize and strengthen is evident in the growth happening, from the largest production centers to the smallest, busiest shop floors. In fact, manufacturers’ global spending on cloud computing platforms is predicted to reach $4.2B this year attaining a 23 percent growth rate in 2018, reaching $5.18B next year according to IDC. And global spending on Cloud Enterprise Resource Planning (ERP) software is predicted to increase from $19.1B in 2017 to $28.8B in 2028, attaining a Compound Annual Growth Rate (CAGR) of 7 percent according to Statista. Driving the demand for cloud computing is the need to bring more speed, scale and accuracy to manufacturing firms’ operations. Several of the manufacturers I’ve spoken with have better backlogs than they’ve had in years. The challenge is keeping up. At the same time, CEOs and senior management teams at these companies are in unanimous agreement that strategies aimed at speeding up time-to-market, improving product quality, and listening to customers are paying off. Read More