Earlier this month, our team attended the highly anticipated SpaceCom Expo. This global commercial space conference and exposition was held in our home town of Orlando, Florida, offering us a unique opportunity to network with space leaders and learn valuable insights.
Space and Technology
Over the course of three days, SpaceCom hosted keynote lectures and industry talks covering various topics. Our team noticed a trending topic: the importance of technology in the advancements of the space industry. Although technological advancements in industries are not often noticed by the average consumer, the impacts of advanced technology in aerospace have been revolutionary through the release of reusable rockets and the invention of space tourism.
A common area where technology affects all space industry leaders is its effect on manufacturing costs. By incorporating AI and automation, private sector companies such as Space X are driving cost-effective solutions through their fierce competition. To drive this point home, Convergence Data president, Richard Turner, was invited to sit down with Maria at the t-minus podcast to discuss the importance of cost savings in aerospace manufacturing.
Telecoms Advancement
Many of the Tina Talks (short lectures led by industry leaders in the style of a TED talk) were focused on the telecommunications advancements in the space industry. Driven by competition, a variety of companies are deploying large constellations of small satellites (e.g., Starlink) to provide internet coverage to remote areas, impacting both commercial and humanitarian sectors.
The development of smaller satellites, paired with more effective launches, has opened up opportunities for more affordable and more frequent missions. These smaller satellites can provide a range of services, from Earth observation to telecommunications, without the hefty costs of traditional satellites. These satellite advancements are also enhancing the ability to monitor the Earth in real-time. This is helping with everything from climate change monitoring to disaster response and agriculture. However, given the increased volume of products being manufactured (rockets, satellites, etc.), there is a greater need to rationalize spend to meet economic demand within the industry.
Digitization in the Aerospace Manufacturing Industry
Our experience at SpaceCom proved one thing- digitization in aerospace manufacturing is crucial to success. By integrating technologies like IoT, big data, and AI with an industry-focused PIM, manufacturers can streamline operations, enable real-time monitoring, and optimize supply chains. This transformation also fosters innovation, allowing for more agile responses to market demands and better decision-making through data-driven insights. Ultimately, digitization helps companies remain competitive in the rapidly evolving Aerospace industry and allows them to stay in compliance ahead of regulatory changes.
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