The Industrial Internet of Things (IIoT) has perhaps impacted manufacturing more than any other industry. The IIoT market is set to grow from $68.8 billion in 2019 to $98.2 billion by 2024, yet, on the other hand, a recent report suggests that Industry 4.0 technology uptake is still low among manufacturers.
The transformation from linear plant setups into dynamic and interconnected systems is one of the greatest challenges of our times for machine shops. Some are unsure as to how Industry 4.0 fits into their established way of doing things. Many perceive the adding of Industry 4.0 to existing production setups as being expensive — when it needn’t be. And other manufacturers see no reason to upgrade their existing tooling set-up and processes.
Any given business will be at a different stage of their journey towards embracing digitalization with any specific view as to how this should be achieved.
But they need to make up their minds, as the COVID-19 continues to spell an unpredictable future for industry. Manufacturers must get on board now with these concepts to adapt existing processes, and to do so quickly and cost-effectively.
A TAILORED SOLUTION
Sandvik Coromant first launched its latest CoroPlus MachiningInsights platform, an expansion of the company’s CoroPlus suite of connectivity software, in 2018. The platform is designed to give manufacturers greater visibility of CNC machine tools and machining processes, and to provide the tools needed to analyse, identify, and eliminate common sources of downtime and inefficiency.
Denne historien er fra March 2021-utgaven av The Machinist.
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Denne historien er fra March 2021-utgaven av The Machinist.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
SIMPLE AND SECURE NETWORKING: UMATI CONNECTS THE MACHINE PARK AT UNITED GRINDING
The UNITED GRINDING Group serves a diverse customer base, ranging from small businesses to large corporations, across industries including automotive, aerospace, tool and die, and precision mechanics.
OUR AI-ENABLED PLATFORM ADDRESSES THE CHALLENGES POSED BY THE RETIRING WORKFORCE
In an interview, Vivek Joshi, Co-founder and CEO of Entytle, discusses their Al-enabled platform addressing OEM workforce challenges by automating the knowledge of retiring employees, reducing reliance on slow recruitment. He also explains how the platform preserves institutional knowledge, cleans and unifies data, and identifies growth opportunities, mitigating risks from unfilled positions.
INDIA'S DEFENCE EXPENDITURE AND DEVELOPMENT: FROM INDEPENDENCE TO ATMANIRBHARTA
India’s journey from a nascent post-independence state to a burgeoning global power in defence is a testament to strategic foresight, policy perseverance, and the indomitable spirit of self-reliance. Over the decades, India has gradually shifted from reliance on foreign defence supplies to fostering a robust indigenous defence manufacturing sector, aligning with the broader vision of Atmanirbharta.
ADI'S VISION FOR BMS GOES BEYOND MANAGING BATTERY CHARGE
Analog Devices India ADI) is pioneering advanced battery management systems (BMS) that revolutionise e-mobility. Vivek Tyagi, Managing Director, Field Sales at Analog Devices India, shares the company’s vision for BMS in electric vehicles and its R&D efforts in India.
NEW DEVELOPMENT BENCHMARKS IN MILLING
A look at recent advancements from ISCAR that will have profound impacts on the future direction of milling.
WE AIM TO DOUBLE OUR REVENUE TO RS 6,500 CRORE BY 2025
Kirloskar Oil Engines Ltd. KOEL), a dominant player in diesel engines and generator sets, is setting its sights on doubling its revenue from Rs 3,200 crore to Rs 6,500 crore by 2025. As the company marks 75 years in the industry, in an exclusive interaction, Rahul Sahai, CEO, Kirloskar Oil Engines Ltd KOEL), reflects on its legacy and ambitious plans. With a strong market share of 30 per cent in the diesel generator market, KOEL’s success is rooted in continued investments in technology and infrastructure. Edited excerpts:
TRITON WILL BE RS 500 CR COMPANY IN THE NEXT 3-5 YEARS
In an interaction Jitendra Srivastava, CEO, Triton Logistics Maritime Private Limited spoke about the company’s plans, collaboration and technology adoption in the logistics sector. Edited excerpts...
LEADING THE TRANSITION TO A GREENER, MORE EFFICIENT FUTURE
In an interview with Saishree Mohanty, Anirudh Bhuwalka, CEO of Blue Energy Motors, discusses the company’s efforts to revolutionise India’s trucking industry with LNG-powered vehicles, sustainability initiatives, and future growth plans.
UNVEILING THE PATH TO AI-DRIVEN MANUFACTURING EXCELLENCE IN INDIA
As the industry delves into AI and cloud computing, the article explores the many challenges and opportunities that will influence the future of Indian manufacturing.
DIGITALISATION AND THE POWER OF SAAS FOR SMALL AND MEDIUM ENTERPRISES
As small and medium enterprises SMEs) face increasing pressure to innovate and accelerate time-to-market, adopting digital transformation is crucial. Leveraging Software as a Service SaaS) offers SMEs an affordable, scalable solution to streamline operations, boost productivity, and remain competitive in today’s fast-paced market.
