The next big thing...

 According to Deloitte's 2023 outlook survey: robotics and automation, data analytics, and IoT, have proven to be the next big thing in manufacturing.  Robotics and automation have proven to be the key element in speeding manufacturing, reducing costs, and alleviating labor shortages that almost every company face daily.  They increase efficiency, production output, and minimize waste.  

Along with robotics and automation, companies that invest in data analytics reduce interruptions in production and increase output capabilities. Data analytics improves forecasting which helps to identify supply shortages before they affect the production line. 

Lastly, companies that improve their manufacturing through use of IoT. This helps companies to collect and analyze data from sensors on the factory floor and embedded in industrial equipment to improve manufacturing.  

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 Business efficiency describes how effectively a company generates products and services related to the amount of time and money needed to produce them.

Whether you are providing a service or product, the objective is the same; operating efficiently will save time and money.