The manufacturing sector has witnessed a stark digital transformation in recent years, and one of its most significant technological revolutions, shop floor digital transformation, generates vast amounts of data. Several manufacturing companies are now leveraging Industry 4.0 solutions that deliver real-time visibility to their existing processes and help optimise overall operational efficiency. Industry 4.0 applications such as IoT, Cloud Computing, Big Data, Advanced Robotics, AR/VR, AI, and ML improve operational efficiency, improve workforce productivity, and enable safe and sustainable operations through digitisation, optimising production and supply chain, managing machines using closed-loop analytics, and managing fleets with the help of IoT devices. Several manufacturers are now moving their operations to cloud platforms to enjoy benefits like cost-effectiveness, easy accessibility of manufacturing operations data by enterprise personas, transparent data insights and analytics, and the ability to scale the business effectively. Why is manufacturing data being moved to the cloud? A report by Gartner states that 65.9% of spending on application software in the enterprise IT industry will be directed toward cloud technologies by 2025, up from 57.7% in 2022. The manufacturing industry, too, is following suit, and several manufacturers are now shifting to cloud technology for complete shop floor transformation to […]
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