Page 40 - MMI - JanFeb 2021 single

SMART MANUFACTURING

Source: Magic Wand Media

TOWARDS A SMART FUTURE

Indian companies must equip themselves with the requisites, including
knowledge, skills, and attitude, to advance technologically and adapt to the
changing scenario.

and
the
with
M manufacturing have ments and attitudes knowledge, Machine-as-a-Service (MaaS) has
to adapt to
other industries
skills,
emerged as a strong manufactur-
en remarkable pro- the changing environment. ing force thanks to Industry 4.0.
se
gress in technology in the last Sensor-enabled machines can By 2022, the market for Machine
few years. Technological ad- communicate successfully with Learning as a service is estimated
vancements are fuelling the next other machines, devices, and to approach US$ 3.754 million.
industrial revolution. Connected people, allowing for data col- By 2021, it was estimated to be
products and systems in factories lection that may be used to 3.3 billion M2M (Machine-to-
throughout the world are mak- make informed decisions in the Machine) global connections.
ing businesses smarter and more changing landscape. Industry All operational aspects of the
responsive to the needs of their 4.0 is a collection of technologies manufacturing business, from
RRAJESH KHOSLA
President & CEO customers. The primary goal of such as Cloud Computing for Big conventional industries like Au-
AGI Glaspac tomotive and Coal to high-end
sagi@agi-glaspac.com businesses is to leverage technol- Data and Analytics; Cobots of
ogy to improve efficiency and the Industrial Internet of Things manufacturing, will be brought
profitability, increase innovation, (IoT); Sensors and Simulation; together in the future by digital
and manage safety, performance, Integration of both horizontal manufacturing (miniaturiza-
and environmental impact. Indi- and vertical systems; Cyber Se- tion, printed electronics, etc.).
an companies need to be pre- curity; Augmented Reality; and The Boston Consulting Group
pared for technological advance- Virtual Reality. predicts that by 2025, the per-

40 | January-February 2022 Modern Manufacturing India