5 INNOVATIONS WITH IMPACT FOR THE INDUSTRY

5 INNOVATIONS WITH IMPACT FOR THE INDUSTRY

There are many important innovations that have had (or will have) a significant impact on the industry in recent years, so here is a list of the top 5:

•  Artificial Intelligence (AI): AI enables faster and more accurate decisions by using algorithms to analyze data. It is used in many industries, from manufacturing to healthcare, transportation and energy.

In industry, there are many use cases for artificial intelligence, including supply chain optimization, inventory management and forecasting based on prices, shortages, etc.

• 3D printing: This technology makes it possible to create three-dimensional objects using a special printer.

    It also eliminates the need for expensive tools and devices, while reducing material waste and the need for human intervention. Thanks to 3D printing, factories become more flexible because they can adapt to today's market, which is increasingly demanding and unpredictable.

    This technology is used in the manufacture of prototypes, spare parts and even personalized medical prostheses.

• The Internet of Things (IoT): The IoT allows devices to communicate with each other and with central computer systems, creating a data network that can be used to monitor and control industrial processes.

    Once this technology is implemented within a company, the latter obtains a significant competitive advantage, regardless of the sector of activity.

    The Internet of Things allows a certain productivity and efficiency over the long term, thanks to tools such as predictive maintenance (allowing to predict malfunctions and intervene before they occur) or even the supply chain (stock management connected avoiding stock shortages).

• Augmented Reality (AR): AR allows digital information to be overlaid on the real world, which can help workers visualize industrial processes and parts to be repaired or assembled.

    In industry, where safety is paramount, Augmented Reality makes it possible to identify risky areas or devices. Thanks to this system, detailing the dangerous elements with more precision, maintenance interventions or quality controls are simplified and the technicians are better informed.

• Blockchain: Blockchain is a distributed ledger technology that allows data to be stored securely and transparently. It is used in many industries, including finance, logistics, and supply chain management.

    The transparency of this system could allow it to develop further in the industrial world. Indeed, this technology could be used to follow all the stages of the life cycle of a product, from the raw material to the final product. This transparency would allow optimal traceability for logistics.

     We can cite Louis Vuitton, using this system to combat counterfeiting and ensure the authenticity of its products.