Manufacturing industry is geared to leverage cloud computing

VARINDIA
Published on: Jun 28, 2023
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#PiyushGoyal #GST #RBI

Cloud Computing driving change



Cloud computing has become the key driver of the ‘4th Industry Revolution’ in which advanced technologies like Artificial Intelligence (AI), Internet of Things (IoT), blockchain Voice Recognition, Big Data Analytics and geoprocessing the lines between the physical and digital world. Cloud computing technology is driving change and innovation in all the business sectors across the world. This holds true for the manufacturing industry too. According to a report by Market Research future , the cloud manufacturing market is expected to grow to a value of $111.90 billion by 2024. Cloud-based systems are faster to roll out than traditional systems, making it easier for manufacturers to keep up with new developments. They are also easier to customize and scale, and they offer the potential to increase adoption rates across resellers. According to Nasscom, the amount companies are spending on cloud computing is expected to reach $7 billion by 2022, which is a 30% growth each year.

Cloud Computing is the future for the entire world and manufacturers should not fall behind. With the government’s impetus on both manufacturing and IT, it is high time for all manufacturers to implement cloud based applications and reap the benefits in the years to come. Cloud based applications can help manufacturers to keep an eye and monitor production seamlessly. Depending on the changing market needs and various other scenarios, manufacturers can bring down the level of production and also increase it. It can also help them understand the level of raw materials needed to ramp up or slow down production. Secondly, as the hybrid cloud adoption is gaining a lot of momentum in the manufacturing industry it helps manufacturers to move away from traditional ERP systems and implement cloud based systems to create web based applications, mobile apps and different software testing modules that enables them to

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