The report analyses India’s digital manufacturing awareness, potential, readiness, and implementation status in-depth. Manufacturing executives are looking into implementing Digital Manufacturing in their businesses. Some even have a plan for Digital Manufacturing projects, including a strategy and detailed roadmap. However, certain clarity required on the ROI, data security to combine hardware, software, and technological infrastructure with digital systems and decision intelligence capabilities slow down these companies from moving forward with Digital Manufacturing adoption. The industry has used a variety of approaches to identify and eliminate these losses in recent years. However, we have reached a point where traditional methods are no longer effective, and emerging technologies are expected to enable businesses to achieve zero losses.
Industry leaders are implementing new technologies to improve process performance monitoring through KPI measurement and visualisation, performance tracking, throughput improvements, and quality improvement. However, there appears to be a wait-and-see mentality, with many executives waiting to see the results of existing proofs-of-concept before committing to largescale adoption of emerging technologies like AI, 3D printing, Machine Vision, and Augmented Reality.
Manufacturing firms, we feel, are expected to be proactive, agile, flexible, and adaptive in a growing world of well-connected consumers, systems, and processes with tremendous ease of getting information.
Therefore. to remain competitive and achieve worldwide success, all businesses, whether small, medium, or large, must engage in implementing Smart Factory. Maintaining a competitive edge and achieving world-class status is also vital.
The time to act is now, and companies must find and onboard the right talent and engage with the right partners that can offer them a platform, hardware, sensors, and an application as a first step. The necessity of the hour is for companies to immediately develop a Digital Manufacturing strategy that considers specific needs and makes data the core asset. While having the appropriate method is simply the beginning, firms would benefit from a clear roadmap specifying the functions and technologies used. The losses on the work floor are considerable, and most performance gaps go unnoticed.