The digital age has not only affected perceptions and attitudes towards communications and the sciences. It has had a huge impact on various industries as well, from real estate and healthcare to automobiles and even current metal production.
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| Image source: siemens.com |
Industry leaders are now shifting to a “digital metals” business paradigm, focused on re-envisioning the production and distribution value chains of commodity-based metals. With digital channels in place, the industry can anticipate demand and supply trends in real time while improving operations and enhancing customer relations.
Metal companies are now more concerned with the best responses to “disruptive” technologies, and consciousness of the growing importance of sustainability. This is a key path onward, with more and more customers looking for products made from recycled materials, offer reduced carbon footprint, and are more durable and reliant on specialist steel like liquid metal.
Big data, machine learning, and artificial intelligence are changing the face of the industry. Sensor-based data from newer machines allow for better predictions of successes and possible failures, as well as thorough analytics. Digitalization has led to streamlined and faster production of metals, while providing increased customer support. Indeed, the chains are made of more stronger links than ever.
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| Image source: mckinsey.com |
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