Amit Chadha is president and executive director, L&T Technology Services Ltd.
Advancing innovation: One key player in the aerospace sector has brought reduced inventory cost by 95% with the use of additive manufacturing.
Seven answers: 3-D printing and additive manufacturing concepts created differentiation and kept costs down. The project also helped reduce product weight by 20%, and a more ergonomic product with a soft touch grip delivered better market position without compromising on margins.
Automation, the conventional pinnacle of productivity, increasingly requires multi-platform connectivity to stakeholders across the enterprise to realize the advantages of smart manufacturing in the Industrie 4.0 era. How? Look at platforms, people, processes, and products.
Digitalization can offer process industries increased process optimization and plant efficiency. The Industrial Internet of Things (IIoT) adds predictive maintenance, asset information management, and open device configurability.