04 Feb 16
Digitization of Manufacturing Industries
The global manufacturing industry is driven to transform its process of creation and distribution of products and services. Digitization has become a highly sophisticated model in various industries. Digitization takes analog information and converts into digital information through the use of computers so that it can be easily shared and leveraged across a global value chain.
The concept of digitization has its roots in engineering and its technologies such as CAD enables people to design virtual sample or prototypes for testing before it starts getting manufactured. This method saves the cost of production and reduces the time of delivery in the market. Manufacturers could provide a better experience for the technicians as they are embedding more software into their physical products. This will generate speed and higher production. The value of the incorporated software is created for the users.
Digital transformation in the manufacturing industries represents a business model evolution and expansion. Influenced by the Internet of Things, it facilitates greater value and services. High quality and cost competence are some of the factors that have given a brand new approach in the manufacturing industries. As manufacturing is becomes more of an information industry, digitization is playing an important role in it.
Sensors on the shop floors can generate real-time data that will help you to build feedback loops. This drives the efficiency and the productivity level. The cloud-based software and machines that are getting launched in the market are equipped with digital sensors. These are transformed into new sources of profitable revenue.
Digitization has brought in an immense change in the India’s media and entertainment industry as spoken before. Out of all the manufacturing industries pertaining to various sectors of works, it is the media industry that has benefitted and actually has gone a step ahead from the rest of the world. STAR TV went tapeless in the year, 2011 whereas BBC went through this transformation only in the year, 2014. Not to forget, the e-commerce industry, it has gained a lot from digitization. In fact, the industry itself stands on the foundation of everything digital.
In the coming years, Cloud Computing will have a strong foothold and manufacturers would become better equipped to initiate or respond to innovative ideas and turn them into reality. At the core, it will consume less time, increase flexibility, and enhance the industry’s efficiency level. The entire value chain from product design to the area of service, most of the current industries are digitized and integrated with the core system of the production.
The real-time digitization plans that can be workable and possible to implement strategically in your business can bring a positive difference.