The production of products using labors, machines, and tools refers to manufacturing. It transforms the raw material into valuable products. The economic prosperity of a country is measured by the development of the manufacturing industry. Prime minister Narendra Modi has launched Make In India program to make India a manufacturing hub all over the world. India is going to become the fifth largest manufacturing country in the world by the end of 2020. According to a data, The Gross Value Added (GVA) at basic current prices from the manufacturing sector in India grew at a CAGR of 4.34 percent during FY12 and FY18 as per the second advance estimates of annual national income published by the Government of India. During April-September 2018, GVA from manufacturing at current prices grew 14.8 percent year-on-year to Rs 138.99 trillion (US$ 198.05 billion). Under the Make in India initiative, the Government of India aims to increase the share of the manufacturing sector to the gross domestic product (GDP) to 25 percent by 2022, from 16 percent, and to create 100 million new jobs by 2022. Business conditions in the Indian manufacturing sector continue to remain positive.
IoT and manufacturing
Processing on large scales will definitely lead to the generation of faults and shortcomings. These faults on a regular basis lead to lots of indirect expenses increment and also causes workers to do extra work which leads to job dissatisfaction. An increase in expenses and a wretched working environment will together lead to a decline in business growth. But with developing technology this problem can be minimized. The technology like IoT i.e. internet of things had made manufacturing smoother. With digital twin features, a digital replica of the product can be generated, by retrofitting sensors, the data of the product can be generated. This data from the digital twin is analyzed by the managing department and the efficiency of the product is examined leading to the generation of the best fit.
Any issue with the machines wastes a lot of time, starting from the worker noticing the issue, trying to fix it, if not done then informing it to the higher authority then waiting for the authority to take action, coordinating all these work wastes a lot of valuable time. The IoT and machine learning together facilitate the machine to take action on its own by detecting the problem. It is processed with a self-healing automated system that works intelligently and solves the problem. Automated processes assist the industries to terminate errors and grow more swiftly.
IoT is very advantageous for power plants, water management, and chemical manufacturing. with the help of IoT, sensors are installed within the pumps which regulate the flow condition of the pump and maintains the pressures automatically. These enable the valves to close and open according to the requirement. It also helps to generate the real-time performance of the system.