Factors driving the emergence of digital manufacturing

By admin November 17, 2014 3:35 pm IST

Harsh Marwah, Country Manager, Verizon Enterprise Solutions, India discusses four reasons how digital manufacturing will take off in the coming years
 The powerhouse combination of mobility, cloud computing, security and predictive analytics is becoming the ‘holy grail’ across the manufacturing industry. With an empowered consumer base now dictating supply and demand, accelerated time to market pressures, intense global competition and the continual rise of the internet and mobile economies, manufacturers need to be able to make production decisions on the spot by leveraging the latest supply chain information at their fingertips.
First mover advantage in today’s climate is going to be for the manufacturers whose ecosystems are set up so that a plant manager in Shanghai can halt an assembly line mid-cycle. It is based on intelligence from a colleague in Europe who, through data analysis, has determined that current inventories will exceed customer demand. Similarly, the manufacturers’ pricing division can simultaneously adjust pricing based on daily performance and trends from retail stores that carry its products.
All of this business intelligence is being viewed on a virtual dashboard that is available to all of these decision-makers via a business app which is accessible across their mobile devices.