Hybrid cloud-edge strategy for smart manufacturing

By OEM Update Editorial August 6, 2019 5:15 pm IST

The cloud plays a huge role in Industry 4.0, especially in the areas of data processing and storage, quality control and manufacturing execution systems. Industry watcher Gartner, expects the worldwide public cloud service market to grow at a compound annual growth rate of 12.6 per cent by 2022, hitting $331.2 billion. Business Intelligence, supply chain management and enterprise resource planning–all applications manufacturers rely on–will see the highest spend on software-as-a-service (SaaS), Gartner predicts.

Cloud-based solutions provide cost-effective data storage and data security to the manufacturers, as well as services such as enhanced analytics, machine learning, insights around operational efficiency, and more. However, the manufacturers now, are keen to influence the power of the cloud to support their digital transformation.