| |FEBRUARY 20228TOP 5 INDUSTRY 4.0 TRENDS IN MANUFACTURINGBy Manish Chandegara, Head - IT, Aditya Birla GroupManish has been associated with Aditys Birla group for over two years now, prior to which he has handled key roles across companies such as Maahi Milk Producer Company, KSP Solution, Magna Seating, PMC Projects and Adani Group, to name a few.here are new possibilities offered by big data, 3D printing, machine learn-ing and augmented reality in the manufacturing industry. Leverag-ing on these into a new way of doing business is a key factor in Industry 4.0 to gain a competitive edge, and for companies to be more profitable and scalable. The global Industrial Internet of Things (IIoT) market is expected to reach $195 billion by 2022, growing from $113 billion in 2015, at a compound annual growth rate of 7.89 percent between 2016 and 2022, according to a market research report by Markets and Markets. A key factor for the growth of the IIoT market is the need to implement predictive maintenance techniques in industrial equipment to monitor their health and avoid unscheduled down-times in the production cycle.Five Industry 4.0 trends will be discussed in this article--from big data, predictive maintenance, augmented reality, digital twin to cybersecurity. Industry players should be aware of these trends, as they have already begun to affect many aspects of industrial automation going forward. Industry 4.0 is no longer the future of the industry, and the time is now for companies to implement intelligent manu-facturing practices.1. Data/Data AnalyticsBig data describes the large volume of data, both structured and unstructured. Insights from big data can enable better decisions to be made -- deepen-ing customer engagement, optimising operations, preventing threats & fraud, and capitalizing on new sources of revenue.A majority of the newly created data between now and 2020 will not be produced by people, but by machines, as they communicate with each other over data networks. The insights gained from big data analytics and the IIoT to drive greater manu-facturing intelligence and operations performance is considered essential by 68 percent of manufactur-ers, according to a recent survey by Honeywell. This highlights that manufacturers are increasingly aware of the importance of big data analytics and its potential in the industry.The rate at which data is being generated is rap-idly outpacing the ability to analyze it, according to TExpert OpinionManish Chandegara, Head - IT
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