Virendra Bansal, Group CIO - SAR Group  

“Digital transformation and automation reduce processing cost and enhances the cost efficiency in the manufacturing industry. Furthermore, the enhancement of a product through low-cost manufacturing also helps in the quicker launch of the product and high revenue generation. The implementation of IoT in the manufacturing industry helps in detecting any error at an early stage, which further lessens errors and mistakes, which in turn mitigates the number of products returned to the company.

One of the major benefits of integrating digital transformation, such as robotics and IoTs is that the robots can work 24x7, wherein it can work without having any glitch or error. As a result, it is likely to have a positive impact on market growth over the forecast period. In addition, on-demand manufacturing trend is expected to grow and the industry 4.0 is expected to help in making efficient decisions and enhance supply chain operations.Improved efficiency, and a reduction in production costs, when compared to conventional manufacturing processes, is boosting the adoption of automation technology.

The fourth industrial revolution encompasses a wide array of technologies across the value chain, wherein it is considered as the information and automation hub. However, the rapid adoption of automation and digital transformation in the manufacturing industry is demanding high skilled labors to handle big data and operate required machinery.”