|Global Digital Manufacturing Market in Discrete Industries, Forecast to 2022|
|The Rise of Industry 4.0 has Created Enhanced Digitalisation, Driving Increased Manufacturing Flexibility, Speed, High Quality Control, Precise Customisation, and Improved Productivity|
In today’s competitive environment, companies are striving to use cutting-edge technology to stay ahead of the competition. Digital manufacturing is a subset of Product Lifecycle Management (PLM) and is an integrated approach to use computer technology for simulation, 3D visualization, and analytics to support manufacturing processes and improve the overall product efficiency. Digital manufacturing processes, coupled with digital manufacturing simulation, support process planning, streamlined simulation of operations, and collaborative communication. Digital manufacturing allows manufacturers to effectively plan production, thereby, decreasing production cost in a streamlined fashion.