Smart manufacturing – a part of the overall Industry 4.0 – is an interoperation of the many developments that have been seen in the last 20 years, like, Internet of Things, Digitalization, AI, ML, 3D printing, Big Data, etc. With the building of smart factories, industries will be able to control the environmental emissions, and, in general, address the seventeen new sustainability requirements of the United Nations, says R Jayaraman, Head of Capstone Projects, Bhavan’s SPJIMR.
Post-Covid-19 phase, e-buying has substantially increased presenting a challenge of timely delivery. Digitalisation of warehouses is crucial for sustaining of business and to be afloat in the competition, says Ramesh Bhorania, VP, Robotics and Factory Automation, Prama Hikvision India.
Simulation is a powerful technique that enables manufacturing organizations to increase throughput, identify process bottlenecks and inefficiencies within the production line, says Shirin Hameed, CMO, Detroit Engineered Products (DEP).
Just like IT or engineering services industry, Augmented Reality (AR) experiences services is the next big opportunity as many companies will leverage AR to further their goals of digitalization and derive added benefits, says Atul Marwaha, EVP, DesignTech Systems.
Market will be driven to a significant extent by increasing disposable income among consumers, rising sales of clothing and apparel, and increasing penetration of organised retailing in various developed and developing economies.
India’s online market recovered quickly after the nationwide lockdown and also witnessed a successful festive sales period ever, says Anuj Mundhra
The direct-to-consumer (D2C) business platform has turned out to be a boon to all because of the reduced prices in every manner. At present, India is facing a major hike in direct to customer market, says Shivam Soni.