“The paradigm of modern manufacturing is not limited to mere production, but rather to production optimization!” This statement by Elon Musk aptly encapsulates the constant pressure on manufacturing companies to innovate, streamline processes, and offer products catered to ever-evolving customer preferences. Integrating Big Data is no longer a matter of choice but a crucial necessity in this milieu. Despite generating an enormous volume of data – spanned across supply chain management, production processes, inventory control, and quality assurance – many manufacturers still face difficulties in harnessing the potential of this data due to inadequate tools and expertise. Streamlining Operations through Big Data Integration Recent studies by Deloitte revealed that only…
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Big Data, Big Benefits: How It’s Turning Conventional Factories into Data-Driven Mega Factories
“If Big Data is the new crude oil, the manufacturing industry is the furnace!” – This statement holds its weight as active sources continue to generate an explosion of data while companies seek ways to harness this information to gain insights and optimize operations, and drive growth. To dive deeper into this transformative innovation, read our previous blog on Revolutionizing Manufacturing, which comprehensively explores its impact on the manufacturing industry. Now, let’s turn attention to why exactly manufacturers need Big Data. To Employ a Data-Driven Manufacturing, That’s Simple! Imagine a scenario where a manufacturing company is grappling with tons of production data. They have collected this data for years, but…
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Revolutionizing Manufacturing: How Big Data is Transforming the Industry Today and Tomorrow
“Manufacturing is more than just putting parts together. It’s coming up with ideas, testing principles & perfecting the engineering, as well as the final assembly.” This quote by James Dyson perfectly encapsulates the fast-paced manufacturing industry, where success hinges on one’s ability to harness the latest technological advancements. Big Data is one such technology. Yet, the magnitude of data available can be daunting, leaving many manufacturers needing help to turn it into a strategic advantage. If you have already read our previous blog on Demystifying the Buzz around Big Data: Understanding the Fundamentals & the Underlying 3Vs, you know where we are going: Big Data in Manufacturing: From Assembly to…
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Demystifying the Buzz around Big Data: Understanding the Fundamentals & the Underlying 3Vs
With every tap and swipe on the internet, you create unstructured bytes of information that inundate businesses daily – even when you clicked on this blog. However, the term Big Data is often tossed loosely as a buzzword by tech enthusiasts. As we recollect the illustrious ‘V’s of Big Data – it becomes apparent that the primary aim of Big Data is to optimize the decision-making mechanism within corporations. Let’s delve into the riveting proliferation of Big Data and its profound significance. Let’s Start with a Comprehensive Definition of Big Data Hear it from the former CEO of an enterprise leading the Big Data innovation at the forefront. IBM’s Ginni…
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From Traditional to Autonomous: Revolutionizing Warehouses
From a tried-and-true approach to automation, the evolution of warehousing is remarkable. Manual processes, a focus on cost-cutting, and a lack of technological investment characterize the conventional model. While this model has served businesses well in the past, it’s considerably slow, labor-intensive, and more prone to human error. As the demands of commerce grew, so did the need for an agile, efficient, and adaptable warehouse solution – making it pivotal for CXOs to learn the potential impact of modern technologies on business operations and how they are shaping the future of commerce. Enter the rise of automation. With the help of technology, warehouses can streamline their operations, reduce the risk…
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Navigating Through the Challenges of Robotics in Warehouse Automation
When we imagine automation, we picture a futuristic warehouse operation where robots are assigned with all the heavy lifting. However, that is far from reality. Industrial automation has been synonymous with the logistics industry for decades. With an increasing demand for faster, more efficient, and cost-effective supply chains, the use of robotics in warehouses has been rising. Continuing our previous blog, “Guide To Different Types Of Automation Robots”, we’ll talk about the challenges prohibiting companies from adopting warehouse automation at a large scale. First, let’s look at the market trends in warehouse automation. According to a recent report by MarketsandMarkets, the global market for robotics and automation in warehouses is…
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Overcoming the challenges of automation in manufacturing
In the last three blogs, we have tried to understand automation in manufacturing and warehousing as well as its types and benefits. But, just as every coin has two sides, automation poses certain challenges. Let’s talk about those now. It is predicted that 20 million jobs will be displaced due to automation in manufacturing by 2030. This figure suggests that around 46% of jobs will be lost by 2030. Each year there is a staggering 10% increase in automation. Lately, automation in the manufacturing sector has picked up as it reduces labor costs, increases production speed, and improves accuracy. But specific challenges still pose a threat to its guilt-free and full-scale adoption. What are the challenges…
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A Brief on Warehouse Automation
Continuing our series on automation, we have now brought up the topic of Warehouse Automation. Warehouse automation is a significant contributor to the growth and economy of a country. There are approximately 167,610 warehouses worldwide, with more than 80% lacking automation. The warehouse automation industry is going to boom under Industry 4.0. Robotics, logistics, and other warehouse automation technologies are anticipated to reach a global value of over $22.4 billion. The need for warehouse automation is immense as the majority of operating budgets for warehouse facilities are composed of roughly 65% labor costs! Warehouse automation also brings safety to the environment. The number of forklift-related accidents alone totals nearly 100,000…
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Manufacturing Automation – The New Frontier
Welcome back to a new series of blogs from Rucha Yantra. This time, we are talking about a new albeit already-established trend in manufacturing – Manufacturing Automation. A trend that Rucha Yantra is participating in and contributing to a lot as well. Let’s begin! Manufacturing automation refers to equipment and software that automates production systems or processes. Automation serves broadly two purposes – increasing production capacity or reducing costs, often both. Automation in manufacturing has come a long way – from using basic hydraulic and pneumatic systems to today’s modern robots. Most notably, industrial automation enhances and transforms those activities that were previously performed manually. One pioneer type of automation…
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Ways Cloud Computing Can Help Manufacturers
Hello readers, hope you are doing great! Today, we are delving into how Cloud Computing can benefit manufacturers. Manufacturers continually search for new ways to gain an edge over their competitors by using their resources better. Cloud computing, which allows users to store, access, and use information from centralized servers instead of local storage devices, might be the answer manufacturers have been looking for to improve factory efficiency and cut costs in the long run. Let’s check out how! Improve visibility By storing data in the cloud, manufacturers can improve their visibility into operations and make better decisions. Cloud based data can be accessed from anywhere, at any time, giving…
