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Machine tools industry: SMEs need to harness the power of digitalisation

Digitalisation of the production process is the key to higher productivity, flexibility & efficiency

Vijay Pratap Singh 

Automation in machine tools industry

Small and medium enterprises (SMEs) form the backbone of the Indian industry. They contribute 38 percent to the nation’s GDP, 37 percent to its output and 40 percent to its exports. Moreover, the segment is always buzzing with innovations. Companies are constantly transforming themselves and reinventing business models to stay one step ahead. 

As the demand for high-tech and efficient machines in the industry rises, of the production process becomes the key to higher productivity, flexibility, and efficiency, as well as simple operability and the possibility of permanent optimisation. While traditional manufacturers use various tools for milling, turning, grinding, and other applications, is radically and sustainably changing the production environment and becoming an indispensable part of business. Very soon, it will be the new normal.

India’s industry is expected to play a key role in accelerating this growth as they are a strategic pillar of the industry. industry are pivotal to the augmentation of various discrete segments such as automobiles, defence, railways, plastic machinery, electronics, white goods etc. It will have a huge role to play in the Government’s flagship programme  

The Indian machine tool industry comprises of about 25 percent large players and the remaining 75 percent is dominated by small manufacturers and companies. 

Despite occupying majority share in the industry, they are currently facing multiple issues that are hindering its growth. The most critical issue for are continuous quality improvement, scope, and scale. Some of the major factors responsible for this are extensive manual interventions in processes, interrupted flow of data and lack of skilled manpower.

Companies these days through its build-operate-optimise approach towards in machine tools, is enabling to take the leap. The companies offer a wide range of solution like OPC, UA etc through its hardware and software integrations. These tools and technologies have the potential to fundamentally alter the course of growth and catapult them into the big league. 

in the machine tool industry need to move towards conceptualisation and adoption of and Industry 4.0. With this, they can enhance efficiency, reduce cost of production, minimise defects, and shorten production time. This will help them meet international quality standards as well as strengthen their position as competent suppliers for the global market.

will support Indian to move one step closer to the ultimate goal of enhancing their productivity and efficiency and address their on-ground issues. 

Other major challenge lies in skilling workers for using advanced face challenges to execute their expansion plans due to the lack of skilled workers. The government’s ‘Skill India’ initiative is a great step to bridge the shortage. However, the skill gap is huge and the new-age demand major upgradation of existing skill sets. Yes, the government is taking initiatives to develop a skilled workforce, but there is a long way to go. 

The industry in India will touch $ 1 billion in 2017 and will be the primary beneficiaries. However, for India to become a global hub, will have to adopt advanced machine tool technologies. Sectors like aerospace, defence, medical, electronics, and automobiles have endless opportunities that can be tapped by leveraging

Indian manufacturers have the unique opportunity to blend the availability of advanced technologies with low cost labour to create extraordinary competitive advantage. and will grow at a phenomenal rate and this will boost the industry and the economy.
_________________________________________________________________________________________________
is the head of business in Ltd

First Published: Fri, May 26 2017. 16:41 IST
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Machine tools industry: SMEs need to harness the power of digitalisation

Digitalisation of the production process is the key to higher productivity, flexibility & efficiency

Digitalisation of the production process is the key to higher productivity, flexibility & efficiency
Small and medium enterprises (SMEs) form the backbone of the Indian industry. They contribute 38 percent to the nation’s GDP, 37 percent to its output and 40 percent to its exports. Moreover, the segment is always buzzing with innovations. Companies are constantly transforming themselves and reinventing business models to stay one step ahead. 

As the demand for high-tech and efficient machines in the industry rises, of the production process becomes the key to higher productivity, flexibility, and efficiency, as well as simple operability and the possibility of permanent optimisation. While traditional manufacturers use various tools for milling, turning, grinding, and other applications, is radically and sustainably changing the production environment and becoming an indispensable part of business. Very soon, it will be the new normal.

India’s industry is expected to play a key role in accelerating this growth as they are a strategic pillar of the industry. industry are pivotal to the augmentation of various discrete segments such as automobiles, defence, railways, plastic machinery, electronics, white goods etc. It will have a huge role to play in the Government’s flagship programme  

The Indian machine tool industry comprises of about 25 percent large players and the remaining 75 percent is dominated by small manufacturers and companies. 

Despite occupying majority share in the industry, they are currently facing multiple issues that are hindering its growth. The most critical issue for are continuous quality improvement, scope, and scale. Some of the major factors responsible for this are extensive manual interventions in processes, interrupted flow of data and lack of skilled manpower.

Companies these days through its build-operate-optimise approach towards in machine tools, is enabling to take the leap. The companies offer a wide range of solution like OPC, UA etc through its hardware and software integrations. These tools and technologies have the potential to fundamentally alter the course of growth and catapult them into the big league. 

in the machine tool industry need to move towards conceptualisation and adoption of and Industry 4.0. With this, they can enhance efficiency, reduce cost of production, minimise defects, and shorten production time. This will help them meet international quality standards as well as strengthen their position as competent suppliers for the global market.

will support Indian to move one step closer to the ultimate goal of enhancing their productivity and efficiency and address their on-ground issues. 

Other major challenge lies in skilling workers for using advanced face challenges to execute their expansion plans due to the lack of skilled workers. The government’s ‘Skill India’ initiative is a great step to bridge the shortage. However, the skill gap is huge and the new-age demand major upgradation of existing skill sets. Yes, the government is taking initiatives to develop a skilled workforce, but there is a long way to go. 

The industry in India will touch $ 1 billion in 2017 and will be the primary beneficiaries. However, for India to become a global hub, will have to adopt advanced machine tool technologies. Sectors like aerospace, defence, medical, electronics, and automobiles have endless opportunities that can be tapped by leveraging

Indian manufacturers have the unique opportunity to blend the availability of advanced technologies with low cost labour to create extraordinary competitive advantage. and will grow at a phenomenal rate and this will boost the industry and the economy.
_________________________________________________________________________________________________
is the head of business in Ltd

image
Business Standard
177 22

Machine tools industry: SMEs need to harness the power of digitalisation

Digitalisation of the production process is the key to higher productivity, flexibility & efficiency

Small and medium enterprises (SMEs) form the backbone of the Indian industry. They contribute 38 percent to the nation’s GDP, 37 percent to its output and 40 percent to its exports. Moreover, the segment is always buzzing with innovations. Companies are constantly transforming themselves and reinventing business models to stay one step ahead. 

As the demand for high-tech and efficient machines in the industry rises, of the production process becomes the key to higher productivity, flexibility, and efficiency, as well as simple operability and the possibility of permanent optimisation. While traditional manufacturers use various tools for milling, turning, grinding, and other applications, is radically and sustainably changing the production environment and becoming an indispensable part of business. Very soon, it will be the new normal.

India’s industry is expected to play a key role in accelerating this growth as they are a strategic pillar of the industry. industry are pivotal to the augmentation of various discrete segments such as automobiles, defence, railways, plastic machinery, electronics, white goods etc. It will have a huge role to play in the Government’s flagship programme  

The Indian machine tool industry comprises of about 25 percent large players and the remaining 75 percent is dominated by small manufacturers and companies. 

Despite occupying majority share in the industry, they are currently facing multiple issues that are hindering its growth. The most critical issue for are continuous quality improvement, scope, and scale. Some of the major factors responsible for this are extensive manual interventions in processes, interrupted flow of data and lack of skilled manpower.

Companies these days through its build-operate-optimise approach towards in machine tools, is enabling to take the leap. The companies offer a wide range of solution like OPC, UA etc through its hardware and software integrations. These tools and technologies have the potential to fundamentally alter the course of growth and catapult them into the big league. 

in the machine tool industry need to move towards conceptualisation and adoption of and Industry 4.0. With this, they can enhance efficiency, reduce cost of production, minimise defects, and shorten production time. This will help them meet international quality standards as well as strengthen their position as competent suppliers for the global market.

will support Indian to move one step closer to the ultimate goal of enhancing their productivity and efficiency and address their on-ground issues. 

Other major challenge lies in skilling workers for using advanced face challenges to execute their expansion plans due to the lack of skilled workers. The government’s ‘Skill India’ initiative is a great step to bridge the shortage. However, the skill gap is huge and the new-age demand major upgradation of existing skill sets. Yes, the government is taking initiatives to develop a skilled workforce, but there is a long way to go. 

The industry in India will touch $ 1 billion in 2017 and will be the primary beneficiaries. However, for India to become a global hub, will have to adopt advanced machine tool technologies. Sectors like aerospace, defence, medical, electronics, and automobiles have endless opportunities that can be tapped by leveraging

Indian manufacturers have the unique opportunity to blend the availability of advanced technologies with low cost labour to create extraordinary competitive advantage. and will grow at a phenomenal rate and this will boost the industry and the economy.
_________________________________________________________________________________________________
is the head of business in Ltd

image
Business Standard
177 22