The recent report by PwC on digital manufacturing trends is very encouraging and insightful. It says that 54% manufacturers in India have implemented Artificial Intelligence (AI) and analytics for improving business functions. The report also states the importance of collaborating with the right partners for earning higher returns on investment. This is consistent with the belief that digital/smart manufacturing or Industry 4.0 delivers significant value in terms of business transformation and achieving strategic objectives. Digitalisation and automation are the game changers to remain competitive and for other long-term benefits.
Unlike a few years ago, digital manufacturing today includes a wide array of technologies and methodologies that hold the potential to reshape the sector’s landscape. It is essential to collect, understand and use the massive amount of data created in the Industrial Internet of Things (IIoT). The key is in combining the real and the digital worlds and shaping the journey towards a true ‘Digital Enterprise’.
Product and production integration
Combining the real and the digital worlds makes it possible to seamlessly integrate the entire value chain from design to realisation while optimising with a continuous flow of data. A true Digital Enterprise can harness the unlimited power of data by gaining valuable insights to make fast and confident decisions and create the best-in-class products through efficient production.
Using a Digital Twin
This story is from the Efficient Manufacturing - Sept 2023 Issue edition of EM - Efficient Manufacturing.
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This story is from the Efficient Manufacturing - Sept 2023 Issue edition of EM - Efficient Manufacturing.
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