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Overview

In the era of Smart Manufacturing - 'Industry 4.0' or 'Intelligent Factory', the power of technology is being realised across the industrial world and radically transforming the manufacturing ecosystem. The recent innovations and breakthroughs across industries are bridging digital goals for the next generation of manufacturing excellence.
From big data to cloud computing, the benefits of modern technologies are helping manufacturers enhance their speed of operations, streamline the manufacturing process, reduce human intervention and minimise errors in the process. Besides, technologies such as artificial intelligence, machine learning and additive manufacturing are helping them ensure efficiency, reduce waste and increase plant productivity and overall profitability.

Clearly, manufacturers can't afford to ignore these technologies and the ones who want to stay relevant and gain a competitive edge are expected to make significant investments in this area. The Indian Government, in line with its "Make in India" objective, has set an ambitious target of increasing the contribution of the manufacturing sector to 25% of GDP by 2025. The country has the potential to become a global manufacturing hub and by 2030, and it can add more than US$ 500 billion annually to the global economy.
To achieve this goal, Indian manufacturers will have to speed up their plans for factory automation and rebuild human resources to drive growth. Financial Express' Future Factory 4.0 is a step in that direction. The event will unfold the value of Industry 4.0 through next generation smart technologies in harnessing the benefits of AI, Robotics, IoT, Digital Twin, Additive Manufacturing and other futuristic technologies.
The inaugural edition of Future Factory 4.0 will bring together business leaders in manufacturing, policymakers, industry experts and veterans under one roof to brainstorm and create an independent ecosystem in making India the "factory to the world". The event would connect key stakeholders across the entire spectrum of manufacturing including automotive, defence, electronics, MSME and provide a platform to shape the Indian manufacturing agenda in 2023 and beyond.

SPOTLIGHT

ADDITIVE MANUFACTURING

24th February 2023

Compared with traditional production approaches, AM technologies offer four potential sources of value. Their ability to generate almost any 3-D shape allows designers the freedom to create parts that perform better or cost less than conventional alternatives. With no need for molds or fixed tooling, every part produced by a machine can be unique, paving the way for mass-scale customisation. Eliminating time-consuming toolmaking and fabrication operations accelerates both product development and production, reducing time to market. AM can simplify the maintenance and support of products in the field, reducing the need for spare-parts inventories by enabling on-demand production of items from digital files.

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DIGITAL TWIN

24th March 2023

Manufacturing processes are becoming increasingly digital. As this trend unfolds, many companies often struggle to determine what they should be doing to drive and deliver real value both operationally and strategically. Of particular fascination seems to be the notion of a digital twin: a near-real-time digital image of a physical object or process that helps optimise business performance.

Simulation differentiates itself from AI by including physical modeling of systems to aid understanding of real-world systems - sometimes called “Digital Twin”. Its birth was in the development and management of physical assets and machines to understand how they might behave under different operating conditions, to predict reliability and schedule maintenance.

By providing companies with a complete digital footprint of products, the digital twin enables companies to detect physical issues sooner, predict outcomes more accurately, and build better products.

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