A&D India - August-Septemper 2022

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The demand for digitally revolutionising the industry has been growing manifold over the past few years. This not only scales the business development of an organisation, but also creates a future-ready landscape. According to recent reports, the smart manufacturing market is expected to expand at a CAGR of 15.75% during the 2018-2023 period. This certainly provides multiple opportunities with digital practices as it has been key in responding to the disruption of business ecosystems brought on by the pandemic. Businesses with digitalisation were able to cope up to this sudden change. Over the years, manufacturers have started investments in automation, and we have witnessed significant increase in the automation businesses. To keep up, it is vital that an automated factory has a better skilled workforce that understands technology & processes utilised to optimise production. On the other hand, data visualisation has become a megatrend as it provides an overview, highlights structure, and reveals correlations. Also, automated material handling systems are beneficial as it enables better time management and minimal contamination of the environment. Focussing on the SME sector, the Cover Story in this issue talks about how smart manufacturing practices provides an edge to the SME industry by enabling tailor-made services and products using digital platforms. Industrial Internet of Things will, therefore, help in reshaping the workforce for faster and better business decisions. Considering such developments, A&D will continue capturing and circulating the right information, facilitating manufacturing enterprises, identify and apply new technology adoption strategies to move their business forward towards a brighter future.