Hello readers! Now that we know what Manufacturing Automation – from the last blog – let us now highlight its benefits more clearly. COVID-19 has turned manufacturing automation from a cost-saving hack to a complete necessity. Automation will globally raise global productivity by 0.8% to 1.4% annually. This will also be followed by a net growth of 12 million jobs. As per McKinsey, almost 50% of the workforce can be easily automated. It’s no surprise automation in manufacturing has taken up more steam and resumed operations since the pandemic. In this article, we will introduce you to the benefits of manufacturing automation. It will help you understand if you should…
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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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Artificial Intelligence and Manufacturing: Top Applications
Our last blog focused on understanding the various types of Artificial Intelligence. Some of them are already present in multiple services and products we use, while some of them are still decades away from materializing. Continuing in the AI series, we shall now look at some of the significant AI applications in manufacturing today. What are the different challenges manufacturers are trying to address using AI? And how are they benefiting? Let’s try and answer these questions. Predictive maintenance: Downtime and accidents are huge contributors to low production efficiency. Manufacturers can utilize AI to forecast when or if equipment shall fail and, accordingly, schedule maintenance activities. Such predictive analysis saves…
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A look at the factory of tomorrow
Industry 4.0, as we saw in the previous blog, is a radically different approach to manufacturing. It makes use of a collection of next-gen technologies to solve the problems that business owners face today. It enables collaboration across the organization, provides access to real-time data, and can derive insights from a vast amount of data for process optimization. In the first (Industry 4.0 an Overview) of a series of blogs on Industry 4.0, we took a glimpse into what Industry 4.0 means and the underlying technologies that make it up. Here, we shall try and imagine how an Industry 4.0-enabled company shall manufacture its products. Let us look at five…
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How is COVID-19 impacting manufacturing?
The COVID-19 pandemic has hit the world in an unprecedented way. It has brought a sudden halt in our lives, like someone has hit a pause button and we are not sure when our lives will be resumed again. Due to the ongoing lockdowns, many industries across the world have also been affected in a very unexpected ways and India is no exception to it. Indian economy has also received a blow during this pandemic. The manufacturing industry which contributes to around 20% of the GDP has been primarily affected. Let us see how. Reduced Demands: Many businesses are witnessing reduction in demand since the lockdowns started, for example the…
