Insights on Navigating the New Normal
With most of the world under lockdown amid the COVID-19 pandemic, the manufacturing industry took a severe hit. Plants were closed, the supply chain was disrupted, and equipment maintenance could not be carried out at optimal intervals. To get back in the game and plan the continuation of business in today’s world conditions, it became necessary for manufacturing organizations to maintain business continuity with the help of technology. With this, manufacturing companies could accommodate the rapidly changing dynamics of the business world while keeping changing customer demands and supply chain challenges in mind.
The current world scenario does not necessarily imply that the manufacturing work has stopped; it may is probably indicative of a paradigm shift to more efficient ways of working. For example, machines and other equipment in manufacturing plants are networked together, which is the cornerstone of Industrial Internet of Things (IIoT). The machines communicate with each other to create and share information which can be consolidated on mobile devices. Data is also created and sent from AI-based image processing which is used for identification of faulty products. All this data needs to be consolidated, stored, transformed, and analyzed, which illustrates the importance of Big Data services. Cloud technology also plays an instrumental role here as it allows these processes to be played out remotely, cost-effectively, and securely. Workflow automation solutions make it possible to consolidate complex manufacturing processes into a single portal, from submitting requests to tracking progress and seeing a complete workflow history. All of these are a critical part of Industry 4.0 and have tremendously increased efficiency and profits of manufacturing organizations, therefore indicating that manufacturing organizations that adopt these will have a definitive edge over those who do not.
Keeping this in mind, Nitor Infotech organized a webinar on 12th May 2020 on BCP solutions for the manufacturing industry. The tech experts for this webinar covered the following topics:
We look forward to conducting many such events in the future and take up our share in the wave of digitalization.