How is Industrial Automation Beneficial?
Automation is a critical component of the Industry 4.0 concept and is gaining traction among industrial companies.
FREMONT, CA: The dictionary defines "industrial automation" as the systematic application of controlled information systems and technologies to manage processes and machinery in the industry to minimize human intervention. It was developed in the early 1950s with robotics in response to the growing demand for automobiles. Robotics enables industrial automation by integrating and combining mechanical, electrical, and computer components that can be programmed to perform single or multiple tasks. Today, automation has been integrated to accelerate various manual and routine operations, including food, pharmaceutical, and chemical product manufacturing, transportation, utilities, security, and safety. According to the McKinsey Global Institute, automating 64 percent of manufacturing tasks can save over 740 billion working hours, and by implementing robots to perform surgeries, the market will reach $20 billion by 2023. This means that the industrial automation market will continue to increase and will exceed $320 billion by the end of 2027, according to Fortune Business Insights.
The benefits of Industrial automation are as follows:
- Industrial automation increases productivity and efficiency of processes by keeping automated equipment running 24 hours a day to meet production demands.
- Industrial automation reduces operation and production costs because automated machinery is self-contained and can generate data that can be used to monitor equipment usage, repair potential malfunctions, and minimize equipment downtime, thereby lowering the cost of the machinery.
- Industrial automation reduces human errors and interventions, thereby increasing the safety of operations by limiting human exposure to hazardous processes and materials.
- Industrial automation enhances quality by establishing a process that ensures the product complies with its design and manufacturing specifications by establishing a more standardized and accurate manufacturing process.
- Industrial automation enhances data collection, which can track production rates, develop equipment efficiency plans, operating schedules, and monitor utility usage, among other things.
The future of Industrial automation
With the impending growth of industrial automation, many processes that are currently entirely manual or require human intervention will become obsolete. However, this will not mean the end of human employment, but rather the beginning of new jobs that are more productive, creative, and rewarding. According to the World Economic Forum, industrial automation will generate approximately 58 million jobs in the United States, primarily designing, constructing, operating, and repairing automated equipment. Over time, new technologies and processes will improve our quality of life and ensure our safety in more organized, time-efficient, and organized ways.
See Also: Top 10 Collaboration Solution Companies
By Leni Kaufman, VP & CIO, Newport News Shipbuilding
By George Evans, CIO, Singing River Health System
By John Kamin, EVP and CIO, Old National Bancorp
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
By Gregory Morrison, SVP & CIO, Cox Enterprises
By Alberto Ruocco, CIO, American Electric Power
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
By Sergey Cherkasov, CIO, PhosAgro
By Pascal Becotte, MD-Global Supply Chain Practice for the...
By Stephen Caulfield, Executive Director, Global Field...
By Shamim Mohammad, SVP & CIO, CarMax
By Ronald Seymore, Managing Director, Enterprise Performance...
By Brad Bodell, SVP and CIO, CNO Financial Group, Inc.
By Jim Whitehurst, CEO, Red Hat
By Clark Golestani, EVP and CIO, Merck
By Scott Craig, Vice President of Product Marketing, Lexmark...
By Dave Kipe, SVP, Global Operations, Scholastic Inc.
By Meerah Rajavel, CIO, Forcepoint
By Amit Bahree, Executive, Global Technology and Innovation,...
By Greg Tacchetti, CIO, State Auto Insurance