Smart Manufacturing: Why MSMEs Need IoT, AI, and Big Data
Sunday, 8 September 2024, 15:30
Smart Manufacturing: Embracing New Technologies
In today's competitive landscape, smart manufacturing has gained traction, especially for MSMEs. M Ponnuswami, co-chairman of the CII National MSME Council, highlights the critical role of IoT, AI, and big data. By adopting these technologies, MSMEs can streamline operations and drive growth.
The Role of IoT in Smart Manufacturing
The Internet of Things (IoT) allows for real-time data collection and analytics. This connectivity enhances efficiency and reduces downtime.
AI Transforming Manufacturing Processes
- AI enables predictive maintenance, allowing MSMEs to foresee equipment failures before they occur.
- Automation driven by AI leads to higher productivity levels.
Big Data: The Key to Informed Decisions
- Big data analytics provides insights that are crucial for decision-making.
- Utilizing big data can help MSMEs understand market trends and customer preferences.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.