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The manufacturing business is experiencing a transformation. This accelerated technology-driven transformation through Industry-4.0 (I4.0) is expected to create significant value in the manufacturing business. The manufacturing shop floors are witnessing high automation and rising digital interventions, thereby delivering considerably higher productivity, superior product quality, and better operational efficiencies. Response to quicker scalability, design modifications, and set-up changes is improving significantly. It is creating leaner processes, flexible operations, a sustainable work environment, and a safer working place for operators. In the new environment of high-value technological investment, there is a push for higher and still higher utilization of costly assets and exploration of new business opportunities for speedier revenue growth.

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