The Impact of Smart Manufacturing

Smart manufacturing allows companies to use the power of big data to make better decisions. Through smart manufacturing, a company can anticipate failure and make iterative improvements on its production lines and supply chains. This is all possible in real time, right as a product or technology is being manufactured or transported.

The obvious advantage of this, beyond massive savings in time and cost, is the ability to continuously refine systems – not after failure, but right away.

Boeing, BMW, Siemens, General Electric, and many others already employ smart manufacturing. But they’re not alone. Numerous small to midsize companies are now making the transition from traditional to smart manufacturing.

With this certificate, you can join larger firms – in the aerospace or automotive industries, for instance – or you can help smaller ones integrate smart manufacturing principles and technologies into their processes.

  • SMART Manufacturing will generate a total economic impact of $3.9 trillion to $11.1 trillion a year by 2025, according to The McKinsey Global Institute in its report, “The Internet of Things: Mapping the Value Beyond the Hype”.
  • 53 percent of all smart manufacturing jobs are vacant, according to a recent Deloitte study.

Job Outlook

The fourth industrial revolution is here! Smart manufacturing is key for leading companies who are optimizing efficiency with the latest technologies including machine and deep learning, analytics, augmented reality and more. Major companies are aggressively recruiting and compensating well-educated, smart manufacturing managers.

Over the last two years, the job market for smart manufacturing grew significantly and is expected to grow exponentially in the upcoming years:

56% increase in job postings in 2021-2022
$127,900/year median salary
50% increase of smart manufacturing by companies2021-2022