| | MARCH 20228VANTAGE POINTUPCOMING SMART AUTOMATION TRENDS TO TRANSFORM MANUFACTURING IN INDIAI t is fascinating how technology is always evolving. It is not just the evolution of technology that makes ground-breaking innovation possible; it is mostly about how industries adopt these technologies and incorporate them to optimize business operations. Manufacturing is one such field that has been growing and revolutionizing operations over the last few years. For manufacturing leaders, the past few years have brought new operating landscapes that comprise long-standing patterns. It is quite necessary to adopt the latest techniques and keep growing; those who did not evolve with time are now out of business. On the other side, those who are game changers in this field have manufactured a whole new range of products from phones to EVs.INDUSTRY 4.0, THE CHALLENGES & THE OPPORTUNITIESToday, the world is more connected than ever. Technology is not only synchronizing the connect between people but also between machines and devices on a global scale. In what we call Industry 4.0, commonly referred as the fourth industrial revolution spearheaded by the infusion of Internet of Things (IoT), data and computing power, technologies such as Machine Learning (ML) Artificial Intelligence (AI), and industrial automation have already started to permeate and alter the course of every layer of the manufacturing industry. Smart Manufacturing is one of the industrial revolutions that is the intelligent, real-time optimization and orchestration of physical, business, and digital processes across the value chain and within factories.The technology required under smart manufacturing is affordable, but the implementation cost is yet serving as the barrier for many industrialists and wide adoption. Businesses are increasingly turning to machine-to-machine communications (M2M) and analytics, as clean data becomes a pre-requisite for companies for productivity. By making a switch to M2M, manufacturers can reduce costs, optimize, and integrate processes, and get comprehensive insights into their manufacturing processes. Automation is not everything under IoT/Industry 4.0 - mistake proofing and continuous improvement drives are equally important which can be effectively implemented rather than completely changing manufacturing processes. Together, these new capabilities will carry enterprises into the digital age, seamlessly transforming organizations and compounding business value.By Nitin Lall, GM - Industrial Technique, Atlas Copco
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