Industry 4.0, Industry 5.0, digitization, automation and 3D printing—the manufacturing process has changed dramatically over the last decade. Now, looking ahead to a new year and the start of a new decade, one of the biggest changes for companies is data. Automation and precision measurement will help companies make better products faster but those elements rely in part on a database infrastructure.
A strong economy is providing a much needed boost to the manufacturing industry but many companies will tell you they are being squeezed by an increasingly tight labor market. The Manufacturing Institute projects that by the year 2025, some 2 million jobs within the industry will go unfilled. Experts say the lack of workers is due to a combination of economic expansion and baby boomer retirements. But there’s a third factor behind the scarcity of experienced employees— the skills gap.