IISc and TalentSprint partner to power India s digital transformation in manufacturing ANI | Updated: Jul 12, 2021 12:26 IST
Bengaluru (Karnataka) [India], July 12 (ANI/BusinessWire India): Industry 4.0 is fuelling the emergence of smart factories globally, across diverse verticals such as FMCG, automotive, healthcare, aerospace and defence.
Adoption of connected and intelligent digital technologies is transforming traditional manufacturing shopfloors into smart factories, enhancing productivity, profitability, compliance and customer delight.
According to Mordor Intelligence, the digital manufacturing market is growing at 19.48% CAGR and will reach $767.82 billion by 2026, with fastest growth in APAC. In India, COVID 19 has significantly catalysed shopfloor digitalization.
According to a recent Gateway House study conducted in partnership with EXIM Bank, digital transformation in manufacturing is the next leap for India s tech leadership,
IISc and TalentSprint partner to power shanghainews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghainews.net Daily Mail and Mail on Sunday newspapers.
Siemens signs MoU with IISc, CMTI for digital transformation labs
February 08, 2021
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Labs to focus on the development of Industrial Internet of Things (IoT), Industry 4.0-enabled products & technologies Siemens Limited has signed two separate Memorandums of Understanding (MoU) with the Indian Institute of Science (IISc) and Central Manufacturing Technology Institute (CMTI) respectively to establish digital transformation labs.
The labs aim to enhance the expertise of researchers at IISc and the technical skills of professionals in the machine tool industry. The MoUs will focus on developing the Industrial Internet of Things (IoT) and Industry 4.0-enabled products and technologies.
The initiative is expected to benefit many research scholars, students and industry professionals across the machine tool industry in Bengaluru for three years. Particular emphasis will be given to equipping the labs with technologies, products and prototypes of emerging digital technologies su
Siemens inks pact with IISc, CMTI on development of industrial IoT, industry 4.0-enabled products and technologies
The company signed two separate Memorandums of Understanding with IISc and CMTI here.
“The MoUs will focus on development of Industrial Internet of Things and Industry 4.0-enabled products and technologies”, a Siemens release said.
Managing Director and Chief Executive Officer, Siemens Limited, Sunil Mathur, said: “With Digital transformation now a priority for industry, premier educational institutions such as IISc and CMTI have a crucial role to play in equipping researchers and professionals with cutting-edge technology and expertise.”
Head of Smart Factory at IISc and Chair of its Centre for Product Design and Manufacturing, Professor Amaresh Chakrabarti, said in order to provide exposure to the advanced software suite to the staff and students of IISc, Siemens has offered some of the best digitalisation tools and support to set up the lab.