Technological advancements have profoundly transformed every aspect of our lives. The manufacturing industry has also witnessed a technological transformative shift towards Industry 4.0. This paradigm shift is characterised by an exponential increase in the use of technology, particularly with the integration of Artificial Intelligence (AI) and Big Data into manufacturing processes. Various reports also suggest that the growth in AI and Big Data is going to be substantial. The global AI in manufacturing market size is expected to hit the mark of $ 68.36 billion by 2032. The use of technologies like big data in manufacturing has a CAGR of 14.1 percent. The market is projected to be worth $ 9.11 billion by 2026.
Why is Industry 4.0 important?
Industry 4.0, also known as the Fourth Industrial Revolution, represents the next stage in digitising the manufacturing sector. It is driven by disruptive trends like the growth of data and connectivity, enhanced analytics, human–machine interaction and advancements in robotics. The fusion of technology with Industry 4.0 brings forth novel services and products. Utilising portable devices, sensors, robotics and data analysis leads to product enhancements, ranging from streamlined testing and prototyping to integrating connectivity into once-isolated products.
The role of AI and Big Data in manufacturing
This story is from the Efficient Manufacturing - Mar 2024 Issue edition of EM - Efficient Manufacturing.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the Efficient Manufacturing - Mar 2024 Issue edition of EM - Efficient Manufacturing.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
High Performance Lubricants in the Wind Energy Sector
High-performance lubricants are transforming industrial efficiency by ensuring machinery reliability under extreme conditions. This article delves into their pivotal role in enhancing the performance, longevity, and sustainability of wind turbine gearboxes in the growing renewable energy sector.
"Smart Energy Management is important for a Sustainable Future"
Says Bharath Rnkawat, Founder & CEO, Enlog, in conversation with Kaushal Dighavkar. He shared insights on how Enlog's IoT and AI technologies are transforming energy usage across residential and commercial sectors.
"Leveraging Japnese Technology to Push India's EV Charging Infrastructure"
In conversation with Anushka Vani, Akihiro Ueda, CEO, Terra Charge who shared insights on the company's role in accelerating electric vehicle adoption, leveraging Japanese technology, and addressing key infrastructure challenges in the country.
The Role of AI and ML in Revolutionising Manufacturing
AI is transforming manufacturing, enhancing productivity and precision across areas like predictive maintenance and assembly line optimisation. This article delves into AI's revolutionary role in shaping smart manufacturing.
Embedded Systems - Serving as Catalysts for Change in Manufacturing
The evolution of manufacturing from artisan-led processes to tech-driven automation has redefined industry standards, boosting efficiency, precision, and sustainability. This article explores how ERP, IoT, and AI have transformed modern manufacturing, enabling smarter, agile operations in an increasingly competitive market.
ISCAR Is About to Change Metal Cutting...Again!
ISCAR is set to transform metal cutting once again with groundbreaking tools designed to push the boundaries of speed, precision, and efficiency. From advanced milling to high-performance drilling, these innovations promise to change machining like never before.
Ensuring Safety in Automotive Manufacturing
The rapid evolution of automotive manufacturing, driven by automation and the shift toward EVs, demands robust safety measures to address complex production challenges. This article explores how Pilz's advanced safety solutions enhance worker protection and operational efficiency, ensuring a secure future for the industry.
Strengthening India's HMV Sector through Advanced Fabrication Practices
The Heavy Motor Vehicle (HMV) industry is integral to India's economy, driving transportation and trade through a vast network. With rising demands for quality fabrication, maintaining stringent standards has become essential to ensure safety, performance, and sustainability in HMV manufacturing.
"Industry 4.0 and the Role of Generative AI"
In an interaction with Anushka Vani, Neil Barua, CEO of PTC Software, shared insights on how PTC is supporting manufacturers in navigating digital transformation and addressing the skill gap, all while overcoming challenges and seizing opportunities in Industry 4.0.
Innovation through indigenisation: Materials science is ushering in the future of aerospace and defence
This cover story explores how advancements in materials science are revolutionising India's aerospace and defence sectors, driven by government policies and domestic innovation. It delves into breakthroughs like advanced ceramics, composites, and nanotechnology, shaping the nation's self-reliance and global leadership ambitions.
