Deloitte: Smart factory transformations in manufacturing

Tim Gaus, Principal at Deloitte Consulting, discusses Deloitte's 2024 Manufacturing Outlook on smart manufacturing technologies and trends

With 2024 on the horizon, the manufacturing sector is taking stock of the last 12 months and anticipating what comes next. Deloitte has released its 2024 Manufacturing Outlook report and Tim Gaus, Principal at Deloitte Consulting LLP, shares his thoughts on it exclusively with Manufacturing Digital


Smart manufacturing technologies

Throughout 2023, smart manufacturing technologies, such as digital twins, 3D modelling, and IoT, were used to strengthen the metaverse.

In 2024, Deloitte anticipates that these technologies will be used to ‘scale manufacturing improvements across disparate processes and people’, as well as in their decarbonisation journeys. 

While the sector hopes that 2024 will be a much easier year than the last few, gritty realism leaves the industry planning for the worst. Continued supply chain unpredictability, geopolitical uncertainty and rising costs will mean that smart factory technologies such as AI, 5G, IoT, data analytics and cloud computing will be utilised to help provide real-time insights and end-to-end visibility.


Smart factory transformations in 2024 across manufacturing

Tim Gaus, Principal at Deloitte Consulting LLP, feels that Deloitte’s 2024 Manufacturing Outlook puts smart factory transformations at the centre of what will define the industry over the next year. 

“Manufacturing leaders continue making strides in their smart manufacturing transformations. In 2024, we foresee the boom of generative AI, the scaling of smart manufacturing technologies that were experimented with over the past few years – the metaverse, machine learning, vision analytics and others. They will have a core focus on creating a data model that enables scalability as the biggest trends towards making manufacturing processes more efficient and integrated. Through these technology and process enhancements, manufacturers can anticipate a new scale of innovation in 2024, as the industry moves from being simply resilient to being truly agile.”


Check out our free upcoming virtual event, Manufacturing LIVE, 6th December 2023.

For more insights into Manufacturing - check out the latest edition of Manufacturing Magazine and be sure to follow us on LinkedIn & Twitter.

Other magazines that may be of interest - Healthcare Digital


BizClik is a global provider of B2B digital media platforms that cover 'Executive Communities' for CEO's, CFO's, CMO's, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare + Food & Drink.

BizClik, based in London, Dubai & New York offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.


Featured Articles

How BP is reshaping the manufacturing landscape

Renewable energy, AI & sustainable initiatives are all on bp's manufacturing spectrum. Hear more from bp’s Ulrich Angeli at Manufacturing Digital LIVE

Embracing Factories of the Future at Hyundai

Hyundai Motor Group Innovation Center Singapore pioneers 'Factories of the Future' with the help of robotics, AI & IoT says Alpesh Patel, of HMGICS

Manufacturing's GenAI journey - cost savings & security

Ryan den Rooijen, COO at Appsbroker & CTS, discusses GenAI survey, highlighting what manufacturing leaders want GenAI to do, from cost savings to security

The future of women in the manufacturing industry

Sustainability & ESG

The future of Tech & AI in the manufacturing industry


Tan Delta's innovations support sustainability goals

Sustainability & ESG