With the advent of machine learning, a human's role primarily becomes one of complex decision-making and intervening whenever required.
Underpinned by a robust manufacturing sector, India ranks ahead of global GDP average and growth forecasts. In the coming decade, India’s manufacturing may touch USD 1 trillion and generate 90 million jobs. However, to make Indian manufacturing globally competitive, it’s critical for the sector to be digitally transformed and be future-ready to cope with the fast changing business and technology landscape.USD 1 trillion and generate 90 million jobs. However, to make Indian manufacturing globally competitive, it’s critical for the sector to be digitally transformed and be future-ready to cope with the fast changing business and technology landscape.
Globally, smart factories are taking centre stage for new-age manufacturing. While traditional 'automation' still requires human input; in comparison, ‘smart factories’ are reducing operating costs by digitizing production across global markets. Not only do smart factories reduce the cost of labor but also the potential for error, with end-to-end automation across the value-chain. Smart factories entail a grid of interconnected machines that can manage logistics, manufacturing, distribution, retail and even after-sales.
With the advent of machine learning, a human's role primarily becomes one of complex decision-making and intervening whenever required. Real-time data flowing among intelligent Computerized Numerical Control machines acts as the lifeblood of smart factories, and translates into actionable insights on infrastructure, inventory and workflow. Analytics alerts manufacturers about possible issues regarding their business health, and also of customizations to make their products more attractive. Further, machines can even evaluate themselves for deterioration. Large datasets about factory floors can help companies plan preventive maintenance, reducing outages. With these efficiencies, manufacturers acquire more bandwidth for R&D and customer engagement.
Riding on an array of innovations in digital space, some of the major global manufacturers have made a significant stride in making ‘smart factories’ a reality. One such example is of Bosch, which is a global leader in smart factory automation. Bosch is completely transforming its factories worldwide, including those in India, with what it calls an 'Industry 4.0' revolution.
For India Inc, automation will not only establish and maintain a competitive edge but create products with unmatched precision to meet world-class quality standards. With these unprecedented opportunities, smart factories can be a tipping point for India, creating a highly efficient and advanced industry on par with global counterparts. However, other than requirements such as favorable policy frameworks and infrastructure, Indian manufacturers need to quickly adapt themselves to a fast-changing digital landscape. It’s a critical requirement which can completely transform the sector and paves the way for India to emerge as a globally competitive manufacturing destination.
Written by Mr. Sai Pratyush, Additional Vice-President – Product Marketing – Managed Services, Tata Teleservices
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "smart factories, GDP, Manufacturing, Computerized Numerical Control,")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}