According to researchers, manufacturers in India have reported a 30% increase in productivity after adopting IIoT technologies and other shop floor automation solutions into their production processes.
The most powerful countries in the world are the ones who lead the production of manufacturing technology. To grow an enterprise or economy, there must be an increase in production, manufacturing machinery output, and technological improvements in that machinery. Which means, it is not just enough have factories to produce more goods but have the right machinery and smart technology that make the goods.
While India is expected to become the world’s fifth largest manufacturing country by the end of 2020, the sector is still witnessing intense competition. The stakeholders are looking to optimize resources and reduce costs, by actively focusing on adopting newer strategies.
According to the Manufacturing Purchasing Managers’ Index (PMI) released in June 2019, India’s manufacturing sector lost growth momentum, due to slower order growth leading to slower output and employment growth.
Today, we are in the fourth industrial revolution, which is transforming the way we live, work, communicate. The revolution will have smart manufacturing at its core, inviting new-age solutions across the value chain and a paradigm shift that transform the manufacturing process.
It brings in a new wave of smart factories and manufacturers that uses shop floor automation solutions and cyber-physical production systems, wide-scale applications of solutions such as Product Lifecycle Management (PLM), Digital Twin and shop floor automation among others across the manufacturing sector.
According to researchers, manufacturers in India have reported a 30% increase in productivity after adopting IIoT technologies and other shop floor automation solutions into their production processes.
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