Technological Disruption to Revive the Manufacturing Sector for Fourth Industrial Revolution
May. 18, 2016 - Manufacturing & Logistics IT Magazine
The fourth Industrial Revolution is transforming the manufacturing and construction landscape through technologies like automation, sensors and 3D printing that produce higher efficiency, reduced costs and faster speed to market. In this environment, companies must decide to either adopt these innovations or face the prospect of being left behind.
According to Nitin Rakesh, CEO and President of leading digital modernisation firm Syntel: "The digital age has disrupted many different aspects of manufacturing. Businesses cannot afford to put production on hold in order to modernise, but must transform their manufacturing processes in order to thrive in an increasingly competitive environment."