2nd Symposium on Smart Manufacturing focused on benefits of making machine smart

India based manufacturing industry is getting prepared for implementing smart manufacturing. But the question to them is, how to do it? Return on Investment! and where to start it? They are keen to get educated and implement the smart manufacturing. The objective of recently held (24-25th Feb 2017) 2nd Symposium on Smart Manufacturing organised by Indian Machine Tool Manufacturers Association (IMTMA) in Bengaluru, was to make its attendees understand the benefits in the Indian context and educate them on implementation, technologies, business benefits with topics such as "manufacturing plant integration", IIOT, robotics, data collection and big data analytics, virtual manufacturing and such trending smart factory topics. If the Indian manufacturing does not upgrade to industry 4.0 (another name for smart manufacturing using IOT), India may end up losing close to hundred billion dollars worth of export market in the coming years. The time is running short. The manufacturing eco outside India including China is getting smarter faster than Indian companies. Advanced robotics, 3-D printing are some of the key smart factory technologies making the manufacturing more efficient. A company in China is building 12 houses a day using 3-D printing. When the industry is already a lot automated , the smart manufacturing basically ensures even further automation by remote management and...