There has been a lot of discussion recently on the future of the Australian economy. With the decline in Automotive and other large Manufacturing businesses, a large focus has been given to what Aussies will build in the future. From Queensland to Melbourne, this question looms present in the minds of entrepreneurs, economists, and Government Officials across our country.
So what does the future of Aussie MFG look like? That is a question with an answer that has yet to be determined; in fact, it’s an answer in flux and dependent upon us, the present and future business owners. That being said, there are some key trends to which we, as a nation, should pay attention:
• Low-knowledge Manufacturing (i.e. assembly line) jobs are disappearing. While many would like to blame this on job loss to developing nations, the reality is that we are a victim of our own success. Robotics have simply made the human operated assembly lines increasingly obsolete. This doesn’t mean that MFG will disappear from Australia, it just means we need to switch to a knowledge-based economy that focuses on the tools of Robotic Automation.
• Recently, the Queensland Government released its plans for the MFG sector in the upcoming decade. The focus is on what we mentioned above – an emphasis on Knowledge-Based MFG and a focus on STEM (Science Technology, Engineering and Math) education. Queensland understands that the future of the Australian economy lies in high level jobs and a rethinking of MFG – and really every other sector in our country. They believe in this roadmap so much that the government is setting aside $180million dollars just for driving Knowledge based jobs.
• Science and Technology hold the key to the future of the Australian MFG sector. According to another recent in-depth industry report and roadmap (Advanced Manufacturing Roadmap), Australia’s future lies in several arenas:
○ Artificial Intelligence & Machine Learning
- • Data Analytics;
• Robotic Automation;
○ Augmented and Virtual Realities;
○ And several other areas (see here for full report)
While other Science and Tech sectors were mentioned in the report, we will be focusing on the the listed. For the record, the CSIRO report did not specifically mention AI and Machine Learning, both are crucial to Analytics and Robotic Automation.
At this point and time, you’re probably wondering what this has to do with SDI; to answer that, you have to understand what it is we do. We are a technology development company that focuses on Enterprise Growth. Our Specialities? Analytics, Automation, Artificial Intelligence, and Mixed Reality (which will be covered in later discussion). We Write the code that lets business build infrastructures for the future.
AI for Automation
Code for Robotic Automation is hot right now. Factories around the world are going 100% automated. Just look at Elon Musk’s Tesla plant, based in Silicon Valley, California. Sure he hires tons of engineers; what do many of them do? Write code for the robots that do the majority of actual manufacturing.
SDI has worked with Manufacturing companies around the planet to write code for Automation. We know what it takes to get an assortment of machines to communicate with one another efficiently, without excessive oversight. We know how to write code that reduces human error, streamlines the manufacturing process, and improves production capabilities.
The best part of the modern MFG economy is you don’t even have to own a MFG business yourself. Part of what the Queensland Roadmap laid out was an emphasis on Value-added services, or focusing on how Australian workers can add value to the services or products of other businesses.
Data Analytics and Artificial Intelligence
Both the CSIRO and Queensland reports indicated the importance of Artificial Intelligence and smarter Analytics. At SDI, we use Machine Learning and AI to provide a better more complex understanding of any business, not just those in the sector of MFG.
That being said, SDI has worked with numerous MFG clients to provide improved analytics for supply chain management. Our AI code helps business not only have better understanding of exactly what materials they are being used at what rate, as well as a better comprehension of what clients want.
Through the Predictive Analysis code we write, MFGers can not only learn how to manage risk more effectively, but also to know which trends deserve the most attention. AI helps business owners create more effective business models that are more capable of not only surviving these dynamic times, but thriving in them.
So to conclude, the Australian economy, and more specifically Australian MFG is undergoing a transition moving away from low-skill MFG jobs. While the future is never set in stone, the Australian government is clearly invested in stimulating Advanced MFG. That means money for investment, extensive bureaucratic support, and infrastructures paid for by the government itself.
All of this adds up to one thing: A boon for entrepreneurs interested in Advanced Robotics. The government is even clearly interested in helping the existing MFG companies join the 21st century. There is also a cautionary element here: your competitors will likely take advantage of this as well; in other words, hesitation or delay could result in you falling behind.
Give us a call at 0422 710 780 (or click to contact us) now to get start growing your business