Category: Manufacturing

IIoT Based Remote Machine Monitoring – An Essential Pre-requisite For Smart Factory Operations

That which does not get measured does not get managed. The manufacturing and process industry of today is taking this more seriously than ever. Since the earliest days of manufacturing, factory operators have quantified various parameters like processes, input, output, efficiency, inventory, wastage etc. Tracking such key metrics has helped them in finding underlying problems,...

Manufacturing Analytics – How can big data help manufacturers make informed decisions.

“Without big data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway.” ― Geoffrey Moore, Author of Crossing the Chasm & Inside the Tornado It is statements like these that inspire fear and uncertainty amongst businesses today.  Industries like media, retailing, banking, telecom, travel have already been substantially...

Industry 4.0 – The Next Step in Lean Manufacturing

“Industry 4.0 is more than just a flashy catchphrase. A confluence of trends and technologies promises to reshape the way things are made.” - Cornelius Baur and Dominik Wee, McKinsey & Company The concept of the Industrial Revolution has been around for a long time but suddenly it is again a trending topic. Manufacturing industries...

Demystifying the term ‘Data Driven Decision Making’

In today’s competitive and fragmented industry, Data-Driven decision making is the key to competitive advantages. But for many, it seems like a daunting task. The stream and sources of data are never-ending, the complexities associated with them are many, and a majority of manufacturing industry professionals still lack the complete understanding of Data-Driven concepts, tools,…

Axes of Change

To stay competitive in a global market, organizations need to strive to change their digital landscape to the characteristics of Digital Transformation, which implies the adaptation of a Digital architecture that includes integration of the entire value chain and breaking of silos across the organization. With increasing adoption of digital lifestyles by consumers, it is…

What is your MIDAS?

Overview “Today 83% of Indian manufacturing industry lies in the ‘Business Digitization’ phase, and is yet to reach the ‘Tipping point’ for ‘Digital Transformation’ – which only commences after the Process Digitalization stage ”– CII-GS Lab Report The Indian manufacturing industry is gearing up to increase its digital footprint to achieve higher efficiency & increased…

Where Do You Stand In Your Digital Journey?

The Digital Journey of a business is determined by when and how a business moves from Digitization to Digitalization to Digital Optimization to Digital Transformation.  Yes – these are distinct terms which almost always are used interchangeably. One thing to keep in mind is once the digital journey begins, each element in the digital chain…