Every new technology that comes to prominence has always made the life of humans better. Remember, the time fire was first discovered by your ancestors to cook food. And then came the wheel. Now, it is digital payments and internet of things. Are you a person who keeps a keen eye on the scientific developments happening in the world?
Indian Government's campaign regarding "Make in India" is well meaning slogan and with good intentions. In true sense it is possible to realize the goals only if we can compete globally in terms of quality, pricing and ability to deliver on time. Going forward, we will see competition due to rapid emergence of Industry 4.0 in all spheres of manufacturing in various parts of the world. Manufacturing will have to compete with Industry 4.0, which is the fourth industrial revolution and is about synchronizing physical world with virtual world with never before opportunities for improved productivity and efficiency. Digital transformation is taking place in all spheres be it governance, delivery of various services, smart cities, smart homes or transportation.
The wave of technological changes is fast sweeping across multiple fronts. The rapid adoption of transformative technologies such as machine learning and artificial intelligence is putting us on the cusp of a new digital age. While we keep adding every'digital progress story' to the list of the'next big thing', another technological advancement in the physical space also has immense potential to disrupt the status quo. Robotics is indeed realigning the rich human talent pool, altering ways in which we operate. One of the most prominent examples is robotics in manufacturing.
The manufacturing sector is most likely to transform in the coming years. Currently, the industry is witnessing a shift from manual assistance to automation, thus giving rise to the term "industrial automation". Most of the modern large-scale manufacturing operations are automated and require minimum or no human intervention. To meet the current requirements, industrial automation is certainly the need of the hour and this is because the conventional manufacturing mechanisms are inadequate to meet the current requirements. The two major factors driving industrial automation are the introduction of favorable policies towards the manufacturing sector and increased focus on economic diversification in emerging markets.