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Advantages And Disadvantages Of Technology In Manufacturing

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Technology has influenced life in almost every way imaginable. Including the manufacturing industry. Businesses globally focus more, and more on bringing in the latest technology to help revolutionize productivity rates, improve the quality of products, or increase the triple bottom line.

The problem is with everything great in life – there are also disadvantages.

For as many positive influences that technology has on the average manufacturing company – there are also a host of disadvantages. Through this article, we list some of the most prominent advantages and disadvantages of technology manufacturing.

The Advantages Of Technology In The Workplace

Incredible Reduction In The Overall Production Time

Back in the day, businesses had to employ hundreds of workers to meet deadlines, and get batches of products out in time. Nowadays, thanks to machines automating the process, production time has drastically been increased between product batches.

A Drastic Increase In Quality And Reduction In Human Error

Humans are far from perfect. In fact, we are bound to mess up now and then. That is why more and more businesses are turning to technology. After all, there is nothing worse than selling a product that does not work as advertised.

The use of robotics helps eliminate this problem, as they are programmed to provide accurate, repetitive tasks flawlessly, without fault. Making them perfect for the manufacturing industry.

A Large Drop In The Cost Of Operation

Although blue-collar jobs tend to be rather low, the mass number of workers required to meet deadlines in a manufacturing facility is rather high. Through implementing technology into the workplace, you can drastically improve your productivity while drastically reducing your cost of operation.

Even better?

There is no need to pay the extra levies for danger protection. No more additional costs for employees who injure themselves while on site, which inevitably saves businesses a small fortune.

The Dark Side Of Technology – Disadvantages In The Manufacturing Industry

Limited Creativity

Being involved in business, you may have heard the saying, “your employees are the most valuable assets your business will ever have.”

At the end of the day, this saying could not be accurate. Some of the biggest game-changers for businesses are ideas that employees come up with while brainstorming to counteract a particular problem. These solutions tend to be ingenious and help revolutionize operations.

The problem with machinery in the workplace is that you no longer have that creative side. The technology is only designed to do as it is told, even if there are problems.

Can Be A Crazy Initial Investment

Businesses may start salivating at the thought of the savings that they can get through cutting down on their staff. But, when they find out the cost of investment – more often than not, jaws start dropping.

Depending on the type of machinery, and the degree of automation that it provides to the company, it can cost anywhere between a few hundred thousand right down to a few millions of dollars. Which can be quite a big investment to swallow.

Contribute To Global Warming – No Company Should Be Doing This

With global warming being one of the biggest problems that we face on planet Earth, more stress is being placed on manufacturing companies to reduce the bottom line.

Something that the latest technology in machinery does not help with.

Depending on the type of machinery and motor used to operate the technology, it could have a severe impact on the environment. This is mainly due to the fuel source, which is mainly either gases or chemicals – both of which are bad for the environment.

Increase In Unemployment

Believe it or not, years ago technology was under heavy criticism. Not because people didn’t see the advantages it could have on our daily lives. But because back then – they were scared!

Why would our great-grandfathers, and grandmothers be terrified of technology? Because it threatened the life, and well-being of the average American. The fear was that technology would eventually become so advanced that they completely replace the need for human labor.

Sound familiar?

That’s right. With each advancement and leap in technology, it is simultaneously one step back for the man. With rising tension of unemployment, it is easy to see how this could pose a problem for businesses planning to retire the majority of its workforce.

One Mistake From Your Lead Engineer Could Cost The Business A Fortune

With technology looking after your production line, you need to stop and think about who will be making sure everything is working as it should.

That is how the manufacturing industry underwent evolution from a blue-collar job into a white-collar job in need of trained, and qualified professionals.

The problem is if your lead-engineer makes a simple mistake while programming the technology, it could lead to an entire batch of products with design flaws – which can cost millions, if not more.

Susan Ranford is a freelance writer who focuses on business, tech, and careers. She's experienced in career tips, business advice, and job search secrets.

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Finance

3 Technologies Revolutionizing Online Business

Steven Sanders

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Modern technology has proven itself disruptive time and again which has allowed businesses to flourish and advance in industries like education, manufacturing, logistics, and finance. Disruptive innovation is also disrupting companies from Google to Microsoft. While in the past the disruptions were unexpected, it has allowed business owners and entrepreneurs to see how the innovative ideas are lucrative opportunities that improve business models significantly. Here are three transformative technologies that are revolutionizing businesses worldwide.

1. API Integration

An application program interface (API) is a software building application tool that determines how API components interact. Partnering with a skilled API Integration company will help companies identify API sets that best connect hardware and software and allow user devices, programs, and data to function and interact with one another. Companies need API integration for many reasons, including to:

  • Connect to cloud apps
  • Develop new APIs
  • Extract data from legacy systems
  • Write new apps
  • Increase productivity
  • Manage APIs in-house
  • New technology integration
  • Develop product or service ideas
  • Generate software solutions for end-users

Some of the most popular APIs utilized by companies include YouTube, Google Maps, Twitter and Amazon. As technology progresses, API integration offers limitless possibilities for companies to expand as growth and revenue do.

2. Artificial Intelligence

Thinking about artificial intelligence (AI) in the past mostly innovative thought process, but today it is a mainstream tool used in daily business operations to improve efficiency and productivity. By 2030, experts predict that AI will contribute $15.7 trillion to the global economy and 26 percent gross domestic product to local economies. As more businesses pop up online, APIs will customize customer experiences and analyze data that interprets consumer buying histories to predict future product or service trends. It will also help companies use predictive AI to target new demographics based on behaviors.

What is clear about AI is that it is set to disrupt more companies in the future because of quantum computing that will be smarter and more complex than how we are using it now. It will solve problems like global warming, poverty, space exploration, and disease all because of AI superhuman quantum computer systems that will dissect and analyze data in seconds without programmers feeding them commands. Popular AI in use today includes Siri, Alexa, Cognito, Netflix, and Amazon. The next generation of AI will include facial recognition, augmented reality, internet of things connectivity, emotional replication, drone delivery, and voice or visual search platforms.

3. Blockchain Cryptocurrencies

For the past few years, blockchain cryptocurrencies have thrown many industries into a disruptive state as it decentralized how companies buy, sell and store data. Blockchain uses transparent ledgers to connect an extensive network of users, so it has a reputation of being a tamper-proof way to make transactions, which is an indispensable tool to e-marketers. Blockchain technology like Smart Contracts will also become mainstream, which will allow businesses to use it to secure financial transactions via cryptocurrency exchanges.

Companies must prepare for the future of AI and blockchain technology by investing in the type of resources that transforms new talent and streamlines information technology departments to win in business.

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Technology

The Cost Of Building a Social Media App

Steven Sanders

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Stages of Social Media Development

  • Product Vision
  • UI/UX Design
  • Architectural design
  • Develop & Testing
  • Publishing

However, when it comes to creating a social media application, there are some things that have to be considered.

First, it’s important to decide what app it will be. In general, all social media apps are divided into two groups: cross-platform and native ones. Usually, we work with native platforms, and there are a few reasons for that.

Native applications made for specific operating systems, whether its iOS or Android. Cross-platform applications work for both OS systems, making it cheaper while you won’t have to hire multiple developers to create each OS.

But, creating a native app can have some issues. For instance, it’s not as convenient as cross-platform devices and isn’t able to use every function within a mobile device such as geolocation. And in this guide, we’ll help you determine the social network development cost so that you can create the next Facebook!

Success Factors

There are some factors that must be considered if you want your app to be successful, increase user’s trust, and bring them pleasant impressions of your first app:

  • Fast Speed
  • Appealing design, engaging animation, and an intuitive UX and UI
  • Easy communication access for users
  • Security of financial and personal information
  • Great possibilities for sharing and content creation, open social network

Optional Features

There are some features that are used to serve the goal of your social media application and help it stand out from the competition. For instance, if the social media app is created around events, it needs to have an event feature and a calendar. If its main idea is photos, shopping, geolocation, and camera rows are the main solutions for its success.

  • Offline guides
  • User activity history
  • User Experience
  • Geolocation
  • Offline work

There is a large number of optional features that can be added to your app, and these costs can vary based on the complexity of the project.

How Much is the Social Network Development Cost?

In general, there are two ways you can pay for developing your social network app.

  1. Fixed-price
  2. Hourly price

Fixed price scheme states that you and your development team will agree on a set price for the entire project. This is based on a detailed plan based on the development process. And the price for hourly jobs is higher than usual, based on the possible risks.

At the same time, paying your development team hourly means that you’ll have to pay for every hour of the project and on each stage of the project. In this payment plan, it’s easier to change the project based on its development stage and effectively control the process.

For simple apps, expect to pay around $10,000. But if you’re trying to implement advanced features such as a responsive website design and geolocation, it might cost around $50,000-$100,000 for it to work correctly. And if you’re going for an enterprise-level product, then expect to pay $250,000 for a dedicated IT team to complete the project.

Conclusion

Now that you know the social network development costs, you can now hire a team to help build your first app. Remember, your app needs to be appealing to your audience, so keep your target audience in mind throughout the duration of the project. Thus, you’ll be able to get your app developed and create a compelling social network for your users.

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Software

Network Olympus and Your Organization: A Quick Guide

Steven Sanders

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Long gone are the days of direct monitoring to employees. While this system works, it’s better to have software that helps you monitor your corporate network. With Network Olympus, it gives you the ability to monitor the uptime and performance of the network appliances and computers.

We understand that performance is a key part of maintaining a long-term business. And with this system, you can get alerted if the performance indicators go below a certain level. Thus, using remote networks is a great way to ensure that your business is running properly while preventing insider threats from harming your organization.

Fortunately, we’ll show you why companies are looking at network-olympus.com. The benefits that the software gives you will help you stay ahead of your competitors.

Mobile Team Management

Being able to access your network remotely prevents the need to stay on site constantly. If you have to work from home or your local coffee shop, remote access does this for staff living in remote cities, offices, countries, or branches to assess the network’s performance – even if the software is installed on the headquarters.

This means that if your device doesn’t work in a remote expert, network specialists can help you fix the problem without too much viewing on your end. They can see the network maps and updated metric themselves.

Access Levels

Having access to a remote network give your team better-increased security. Some network administrators don’t like the concept of remote access is through using encrypted authentication and ensuring that the user logs in with the right method.

Another feature for security issue protection is by data encryption. By doing this, it allows you to customize the user access. Most of the Mount Olympus remote monitoring tools will give you access to the admin or user level to enable maps or dashboards. By managing this access to users, you’ll have complete control over your network and protect the connection.

Also, you should get a tool that will consistently update and create patches for any security holes that occur. While these security threats are common, good security tools help notify users once the patch is launched.  This allows you to take control of the advanced security measures fully.

Constant Access

When using network-olympus, users have more access because of their remote capabilities. As long as you’re on a network due to VPN connectivity and or a point-to-point, you’ll be able to manage and utilize connected devices on the network. Regardless of your location or where they’re located.

By having more remote capabilities for your IT team, you’ll have the flexibility to handle the tasks that the modern world demands. And you’ll have peace of mind because you can see your network from a glance, whether that comes from a city, country, or a world.

Concluding Thoughts

Overall, network-olympus.com is perfect if you’re trying to manage a team of 10-50 employees. By using their software you’ll experience increased productivity, remote network management, and better employee communication. Thus, we suggest you try out Network Olympus and see how it improves the functionality of your team.

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