BENGALURU, May 11, 2018 : The industrial revolution was a favorable time for manufacturing and had a lasting impact on the industry. After the industrial revolution, the digital transformation and advent of information technology in manufacturing is believed to be a breakthrough era. IT is believed to revolutionize the production processes and systems, and help companies to switch from mass production to customized production.
Consumer expectations and the introduction of connected devices to the industry are facilitating digitization. Hence, a persistent evolution concurs with the adaptive advancements in IT for manufacturing.
Digital transformation trends in Manufacturing Industry :-
The digital transformation majorly revolves around IoT, AI, Machine Learning, and Data Analytics. The concept of ‘Industry 4.0’ represents the vision of a production unit/ factory where the machinery and equipment are interconnected and everything is online. This production system is envisioned to be intelligent and capable of taking decisions after careful evaluation of the situation.
The nascent technologies, which were mere concepts a few years ago, are evolving rapidly Collaborative robots, 3D printing, virtual reality, voice-activated assistants among others, are expected to be broadly adopted by manufacturing companies by the year 2021. The coming year would also see robotics taking up the manual and repetitive tasks, sparing time for engineering and manufacturing teams to undertake more valuable and cognitive functions.
Integration of production equipment and systems through cloud-based, hosted, and on-premise applications, will emerge as a major success factor for the manufacturing industry in the year 2018. The manufacturing intelligence would contribute in generating a meaningful data pool which would be of immense importance for driving efficient production operations and optimizing production workflows.
Digital transformation is laying the roadmap for practically developing and implementing the much talked about theories like automation of factories, machine – to – machine communications, integration and collaboration among customer, company, and the supply chain through cloud technology, and much more which has been talked about by experts. In the coming years, we will be able to witness a whole new face of the Indian manufacturing industry.
10th edition MITS (Manufacturing IT Summit) :
The 10th edition manufacturing IT summit is the perfect platform for C-suite executives of manufacturing companies across industries, to come together and discuss the IT trends in Indian manufacturing industry, network with peers, and build ROI-backed business relations. This summit also facilitates a marketplace for the buyers to meet with the sellers, offering disruptive solutions on the emerging trends in manufacturing’s IT.
The platform hosts very influential and experienced professionals from manufacturing sector as speakers and panellists to share their knowledge with the attendees. The topics to be enclosed and discussed at the event include, Leveraging smart manufacturing for digital transformation; Data-driven manufacturing – enabling operational excellence; Machines are friends, not foes: artificial intelligence accelerates the journey; IT/OT convergence – moving digital manufacturing forward; The future of manufacturing: 3D printing innovations; Driving industrial revolution 4.0; Global policy update – smart initiatives to support innovative sustainable and competitive manufacturing; Industry facing a new reality: virtual reality and augmented reality.
Some of the esteemed speakers at the conference include Gyan Pandey (CIO at Aurobindo Pharma); Jitendra Singh (CIO at JK Cement); Bhupendra Pant (CIO & VP-IT Welspun Corp Ltd.); V Ranganathan Iyer (CIO at JBM Group); Manish Gaur (Head IT, Patanjali Group); Rajendra Abhange (CTO & Sr. Director- Gabriel India Ltd); Saurabh Gupta (CIO at Kent RO systems Ltd.); Narender Pasupuleti (Director and Head IT – India at AMETEK); Atul Govil (Chief Transformation Officer and Head (SAP & IT) at India Glycols Ltd.); Parna Ghosh (VP & Group CIO at Minda Industries Ltd.); and Bishwanath Ghosh (CIO – Enterprise, Mfg Systems, & Corporate Functions at Mahindra & Mahindra Ltd).
IT is the driver of digital change and solicits acknowledgment and recognition for the impact in the dynamic manufacturing sector. Thus, the 10th edition MITS will honor the Top 20 CIOs from manufacturing companies with the MITS Leadership Awards 2018, for delivering innovative solutions and business value to their organization in an extraordinary manner. This is the first-of-its-kind initiative that is an attempt to recognize the contributions of the IT leaders in the manufacturing industry.
This conference is an ROI-driven, invitation-only platform to bring together pre-qualified buyers with an estimated spending budget, and reputed solution providers to foster meaningful business associations. The conference is aimed to enable sponsors with a target audience including C-Suite decision makers having considerable spending budgets, and, on the spot one to one meetings with the representatives of their preferred companies of each sponsor.