Innovation and Implementation of New Technology in Manufacturing

Innovation continues to increase from the new opportunities brought by COVID-19; technological innovation presents as the most notable. With the utilization of technology on the rise, manufacturers have new ways to solve problems related to remote work oversight and complex workflows. The implementation of digital technologies can help increase efficiencies by providing connectivity like never before.

Cloud computing, Internet of Things (IoT), digital manufacturing, Artificial Intelligence (AI), Smart Factory, Digital Twin, and the Fourth Industrial Revolution, to name a few, are progressions that have helped merge the gap between people and machines. These advancements can provide instantaneous connections anytime from anywhere. In a survey from the Manufacturing Alliance for Productivity and Innovation (MAPI), for the summer of 2021, 85% of manufacturing CEOs say their annualized investment in smart factory initiatives will be rising. In addition, 64% noted that digital innovation in distribution will drive a larger share of sales.

According to Manufacturing Global, many companies had to adapt to the digital changes quicker than originally anticipated. Changes included companies operating “lights out” as they use predictive systems to improve efficiencies to lower costs. However, the digital adoption is not going to be the same for every company. Manufacturing Global noted that many companies are in different stages of adoption as the world is working through varying levels of recovery.

The disruption of COVID-19 has helped accelerate the consideration of new technologies in manufacturing. In fact, analysts are claiming that manufacturing will experience years of innovation in the next 18 months. Innovation and implementation of new technology will help to shape the “new normal” brought by the pandemic.

If you would like more information on digital technologies that can increase efficiencies for your company, please contact a member of Schneider Downs’ manufacturing practice.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2020 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

our thoughts on

Tracking and Communicating COVID-19 at Your College or University
‘Tis the Season – Cybersecurity and Holiday Shopping
Coronavirus Fraud: Unfortunately, We Told You So
Secure Act in the Presence of COVID-19
Postcard from Schneider Downs Construction Industry Webinar

Register to receive our weekly newsletter with our most recent columns and insights.

Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us

contact us

Map of Pittsburgh Office

One PPG Place, Suite 1700
Pittsburgh, PA 15222
p:412.261.3644     f:412.261.4876

Map of Columbus Office

65 East State Street, Suite 2000
Columbus, OH 43215
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102