Harting
Harting

Do you want to advertise here? Contact us

LMW
LMW

Do you want to advertise here? Contact us

IoT transforming industries
.

IoT transforming industries

By OEM Update Editorial June 11, 2018 4:33 pm

Palanisamy PL,
Director – Sales, Manufacturing and Services, Danfoss Drives
With emerging and advanced technologies like Internet of Things, 3-D Printing, Big Data and analytics, players are empowered to design, modify and create products and solutions that customers are looking for.

Future look for IIoT in manufacturing
According to a report by PwC titled – Industry 4.0: Building the Digital Enterprise, over 53 per cent of industrial companies are dependent on data analytics and 90 per cent of these companies expect data to play a significant role in their decision-making process.

Palanisamy PL, Director – Sales, Manufacturing and Services, Danfoss Drives, informs, “With emerging and advanced technologies like Internet of Things, 3-D Printing, Big Data and analytics, players are empowered to design, modify and create products and solutions that customers are looking for. Through these technologies, companies are now able to produce customer-centric solutions which should ideally be the main architecture of our design principles.”

Industries should also look at incorporating design thinking in their products to ensure we build them in such a manner that helps customers connect to various devices and gain maximum value from the products and solutions which shall help companies explore new revenue opportunities. However, it is important to keep in mind that digitisation can be disruptive. It is fundamental that companies ensure that the golden triangle of change is ready to make the transition i.e. people (who are at the crux), processes (which require human intervention) and technologies (that help perform processes).

With the advent of digitisation and smart manufacturing, by enhancing skillset and adopting ‘smart manufacturing’, the Indian manufacturing sector has the potential to grow six-fold by 2025 up to $ 1 trillion, creating up to 90 million jobs thus positioning India as one of the top three destinations by 2020.

Danfoss’s preparedness in the area of IIoT

Advertising

OEM Android App

Your future advertising space? Our media data

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Tags: Process
Webinar
Webinar

Do you want to advertise here? Contact us

TruCut
TruCut
OEM Update QR Code
OEM Update QR Code

Events

PTC Asia
PTC Asia
World of Photonics India
World of Photonics India
IFFE Expo
IFFE Expo
Clean India Show
Clean India Show
Factory Automation Expo
Factory Automation Expo
India Essen Welding and Cutting Expo
India Essen Welding and Cutting Expo
Logimat India
Logimat India
Metal Forming Expo
Metal Forming Expo

eMagazine October 2024

eMagazine October 2024
eMagazine October 2024

Do you want to advertise here? Contact us

Our Sponsors

Pragati Gears
Pragati Gears
Pilz India
Pilz India
Carl Zeiss India
Carl Zeiss India
STMCNC
STMCNC
Inovance Technology
Inovance Technology
Sun Lub Technologies
Sun Lub Technologies
Mallcom
Mallcom
igus
igus
Delta Electric
Delta Electric
Vega India Level Ltd
Vega India Level Ltd
ENS Oils & Lubricants
ENS Oils & Lubricants
Super Slides
Super Slides
Titan Teal
Titan Teal
N K Industry
N K Industry
Fuel Instruments  Engineers
Fuel Instruments  Engineers
MMC Hardmetal Pvt Ltd
MMC Hardmetal Pvt Ltd
Mennekes
Mennekes
TruCut
TruCut
MARPOSS
MARPOSS
Voestalpine
Voestalpine
BKT Tires
BKT Tires
Exon mobil
Exon mobil
Wika Instruments India
Wika Instruments India