Manufacturing has always been a primary target sector for technology evangelists. This is because a transformation brought about in manufacturing percolates further down the value chain and makes its impact felt everywhere. An increase in productivity results in faster supply chain and in turn better end customer satisfaction. The manufacturing revolution will increase productivity, shift economics, foster industrial growth, and modify the profile of the workforce, ultimately changing the competitiveness of companies and regions.
Although there are instances where a human component is still incredibly important, many of the new trends in Industry 4.0 make it easier to create products without people getting involved. For instance, machines are becoming more efficient in detecting and maintaining their own conditions. Hence, it is no longer necessary to hire as many people to run routine tests on machines.
The transformation brought about by Industrial IoT will be compounded by technologies such as 5G. In addition to bringing faster broadband speeds and more reliable mobile networks, the proliferation of 5G will also accelerate advancements in smart city, smart vehicle, smart manufacturing, and scores of IoT-intensive technologies hungry for 5G. Furthermore, thanks to AI and machine learning, complex data sets can now be analyzed in a fraction of the time it used to take just two years ago.
This is not because computers have become faster or better, but rather because AI and machine learning algorithms have become extremely good at data analysis, and because that analysis can easily be scaled in the cloud. With such advancements, the fourth industrial revolution is bound to progress unabated.
We studied this industry segment in-depth and have come up with the list of 10 Most Promising Technology Solution Providers for Industry, who have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd.
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