The Industrial Automation business is anticipated to grow at a CAGR of 5.10 percent and reach USD 153.83 Billion by the year 2022. Considering this statistic and looking at the past growth patterns of the industry, Industrial Automation Technology is expected to progress exponentially in the coming years.
Industrial Process Automation utilizes central controlling units in the forms of computers or robots for carrying out functions and operating machines. Also known as Factory Automation Technology or Machine Automation, this automation facility helps in reducing quality rejections, increasing safety, and making the entire process agile.
With the ever-increasing demands of customer for the supreme quality of products, the industrial realm is going through a lot of technological modifications. In order to address these demands, it is necessary that goods and services are produced with the highest levels of productivity. Hence, there is a need to introduce fully automated manufacturing processes, machine automation, and process engineering systems.
Industrial Automation enables businesses to operate more smartly and rapidly as far as manufacturing or production is concerned. A lot of automation partners are focusing on developing new-age multifunctional automated machines and robots and are working on integrating technologies such as IoT and Machine learning with these solutions.
If your factory is expanding, the implementation of Industrial Automation Technologies is inevitable. Let us pay a prudent consideration to a few of the key reasons why you must invest in Industrial Automation:
1. Increasing Customer Demand
While the demand for your goods and services is increasing, you may consider two basic options, i.e. either to increase your workforce or to implement machine automation for increasing productivity. If you increase manpower, you will have to expand the management and training departments as well. However, the only constraint with implementing Industrial Automation and Control will be the budget if you do not have it sufficiently. You will be able to fulfill your orders with precise quality, in full quantity, and on-time.
2. Saving Business Costs
Implementing automated machines involves only one-time hefty investment. The quality rejections happen less, thus allowing you to save hugely on material costs. A maintenance-related expense does not happen frequently and will occur only if required.
3. Generating Accurate Analytics
Data and analytics, when being recorded manually, are highly prone to be faulty. This is simply because motivation levels in humans keep fluctuating while performing tasks of repetitive nature. Data collection can be regulated with the help of Industrial Automation components such as sensors. One can be assured that the data logs are being generated accurately without fail.
4. Carrying Out Process Improvement
With accurate and reliable information being available from machines, engineers can find out the black holes in the process and prioritize their solutions. They can work to improve the process by eradicating these black holes. The analytics generated from a machine can also be used to understand customer demands and launch new products and service in the market.
Prior to considering the implementation of Industrial Automation technology in your business, it is imperative to look for the correct integration partner. The integration partners will help you with their expertise and guide you on the matters of implementation.