Why the future of manufacturing lies in data, automation, and predictive intelligence
By Naman Shah, Managing Director & CEO of LeSol Group
Modern manufacturing does not depend on simple command execution through machines anymore. It is gradually transitioning to intelligent production, where AI helps anticipate possible problems, automation achieves accuracy on a much larger scale, and data plays a crucial role in decision-making. Hence, the current manufacturing competition is about agility and foresight.
The Importance of Data in Intelligent Manufacturing
Data has gained significance in intelligent manufacturing processes. The advent of IIoT technology has made it possible to convert the entire industrial space into an endless data stream, collecting data from all machines and production processes. Indeed, such importance can be explained by the following figures: the global market for big data analytics in the smart manufacturing industry is expected to grow to $356.9 billion by 2031 with a CAGR of 19.7%. In addition to boosting efficiency, data analysis allows companies to...
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