Manufacturing is a critical element in a process of value creation, not just a way of producing goods and services.
In the Experience Economy, value resides in the knowledge and know-how used to create the product, and in the customer experience the product enables, rather than in the product itself. The main challenge is to redefine the ways of working—from streamlining to standardization across a global approach, and leverage the digital transformation that is being pursued.
TECHNOLOGY AND INDIAN MANUFACTURING
Innovation is seeping ever deeper into the industry fabric, what with technological advancements embedding itself across the board. However, with it comes obsolescence, and managing this will be critical to long-term success if value is to be created in a sustainable manner, rather than rapidly eroded. Companies need to manage new customer demands and expectations for highly customized products and shorter delivery times. Addressing this challenge requires more flexibility and higher efficiency from their manufacturing assets.
SOLUTIONS FOR THE INDUSTRIAL ECOSYSTEM
Traditional solutions will no longer deliver maximum value for manufacturers as we move headlong into a new era defined by a definitive renaissance. It is only by embracing digitization that companies can move up through the value chain, for digitalization allows one to visualize future impact before the manufacturing process is even begun, a radical development that promises to up-end the industry as we know it.
Digitally informed production is the next stage of manufacturing, and with India at an early stage of becoming a manufacturing powerhouse, it is imperative that technology is leveraged to improve competitiveness and innovation. As the industrial manufacturing landscape continues to undergo fundamental economic and social shifts, the new ways of industry will become the new normal.
INDIA’S FUTURE WORKFORCE
India is poised to be one of the youngest countries in the world, with 65 percent of the population under the age of 35. Thus, it is essential to arm this young workforce with the tools, knowledge and know-how needed to succeed in this global economic reality. Building India’s Research and Development capabilities will be critical in this regard, as they will serve as a hotbed of fostering innovation.
In Summary, With the boundaries between real and virtual worlds blurring rapidly, it is creating a new wave of solutions hitherto unimaginable. DELMIA Apps powered by the 3DEXPERIENCE platform, helps industries and service providers connect the virtual and real worlds of value networks to collaborate, model, optimize and perform. A complete solution framework to value network stakeholders: from suppliers, to manufacturers, to logistics and transportation providers, to service operators and workforces.