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Showing posts from May, 2021

How Augmented Reality can Simplify Maintenance and Remote Assistance

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Believe it or not, we are entering industrial revolution 4.0. Conservative industries watching from the sidelines of progression are a bit skeptical about the strides technology is making. However, the leading players who have invested in pioneering technologies such as Augmented Reality Remote Assistance maintenance and repair assistance are leading the revolution from the front. Repair and maintenance of products is one of the most common services in the manufacturing industry, & the cost of this frequently exceeds   30%   of the entire operating costs. Basic industrial machinery repairs and maintenance services are usually done by trained personnel on-site & complex machinery requires experts to travel to the location of the equipment. The process is expensive and time-consuming, and it also negatively impacts productivity. Augmented reality remote assistance solution   is now available to industrial workers and technicians. It is helping them by providing visu...

Impact of Digital Transformation in Logistics & Transportation

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Every industry wants to take support of digital transformation solutions to thrive. Be it manufacturing or automobile, chemical or healthcare, all the sectors are ready to jump on the digital transformation bandwagon. The digital transformation in logistics sector is also no exception! As companies in this sector are witnessing the brimming competition worldwide, their owners want to bring automation and accelerate evolution for grabbing opportunities.  A reputed digital transformation company can assist you to make a complete roadmap & considering three critical aspects- time, speed, efficiency. Thankfully, digital transformation in logistics and transportation can achieve all the objective with the help of real-time data and actionable insights along with automated processes. Before discussing the benefits of digital transformation solutions, let’s understand the Logistics 4.0 concept in this blog.  Logistics 4.0- Eye on Future With the objective of creating a transparen...

5 Ways Augmented Reality is Changing the Automobile Industry

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Augmented reality – the technology of superimposing digital images on real-world objects – is projected to become all-pervasive in the coming years. Although this technology is still in its infancy, the software & hardware required to leverage its full potential are becoming available now. Besides, the rise of IoT devices and artificial intelligence are also pushing the adoption of augmented reality in automobile industry. Industries are quickly finding ways to implement augmented reality to reap a multitude of benefits. The automobile industry is opening up new avenues for implementing AR in its design, manufacturing, maintenance, and training.  The augmented reality in automobile market is predicted to reach   $6.79 billion   in 2025, a growth trajectory of CAGR 17% during 2020 – 2025. Besides the improved technological advancements in connectivity, the growth can also partly be attributed to increased demand for automation and autonomous vehicles. How Augmented Rea...

How To Become A Market Leader In The Banking Sector With Digital Transformation

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  In the list of scenarios and instances that feel nostalgic today, we could clearly add visiting the bank. Today, visits to banks are only limited to circumstances that involve paperwork for loans, approvals & statements that require physical verification. Otherwise, pretty much every banking-related action can be carried out through apps or online portals. Digital transformation in banking  has made our lives simpler instances of stepping out and personally visiting a bank.  Today, we have IoT-enabled banking services, tap and chip-based cards with added encryptions & app-based payment systems. From the elderly to the young population, banking has become accessible, banking functions more understandable and services more streamlined. All thanks to digital transformation solutions.  With that said, not all banks and NBFCs have implemented a  digital transformation strategy  in their banking operations. A lot of banks still operate on obsolete techn...

Seven Technology Trends for Taking Real Estate Sector to the Future

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When it comes to facilities management, smart building solutions work wonders in the real estate sector. The multi-billion-dollar smart building solution development market is growing by leaps and bounds by integrating multiple technologies. These days, smart building solutions manage multiple processes and facilities ranging from climate control optimization to smart parking lots and controlling lighting systems to managing HVAC.  Simply put, advanced solutions for smart building using IoT, AI, Augmented Reality Remote Assistance, and other emerging technologies have many use cases and vast scope for the modern real estate sector. A fully integrated network of sensors, microchips, and actuators can generate raw data constantly, and an AI-powered system can convert the same into key actionable insights. These insights are useful for bringing improvements in various facilities and amenities of modern buildings. Facilities managers and building maintenance staff can get great help fr...

Top Five Benefits of Digital Transformation Solutions for Manufacturing

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Let’s start with the basics. Digital transformation solutions not only bring automation in various processes but also provide actionable insights for making informed decisions. Whatever digital transformation offers, one thing is for sure, it can change the shape of the manufacturing sector. In a   PwC survey , out of 2000 manufacturing enterprises, a whopping 86% expect to gain from reduced costs and increased revenue through digitization in the next five years.   What’s more, digital transformation in manufacturing enables the industries to leverage the benefits of Industry 4.0 and achieve new levels over the period.  Digital technologies including AR, wearables, cloud computing, IoT, and big data analytics enable manufacturers to make their processes more intelligent and smarter than before.  These days, market trends and consumer behaviors are changing rapidly across the world. All major industry sectors have to cope with increasing challenges and intensifyi...

Augmented Reality in Logistic- How It Solves Industry Problems

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Augmented Reality is evolved to provide a collaborative real-time visual experience while bringing digital transformation in complex processes. This technology is aimed at superimposing images or animated videos on real-life pictures or live videos. The thriving mobility sector will make AR technology more powerful over the period. As per the estimate, the number of mobile-based AR users will cross 2 billion and the AR market size will reach a whopping 10 billion USD by 2023.   Let’s go through some quick facts that show the importance of mobile AR technology in modern industries.  Quick Facts of AR Technology Enterprise mobile AR spending is expected to rise to 3.1 billion USD in 2021 By 2024, the enterprise mobile AR spending will cross 3.7 billion USD AR experiences are 200% more engaging as they offer almost double the levels of engagement as compared to non-AR device The number of mobile-based AR users is expected to cross 3.5 billion by the end of 2022 Also Read-...

Digital Transformation in Chemical Industry – Scope and Implementation

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The chemical industry is going through a tough time amid increasing regulatory controls, dynamic cost equations, and growing competition. Various chemical organizations are, therefore, focusing on implementing a digital transformation strategy. Operating models of chemical industries can be transformed digitally by integrating advanced solutions consisting of emerging technologies. Digital transformation solutions have tremendous potential for the chemical sector and they can play a vital role in driving more value. However, it is necessary to make a proper roadmap to leverage the digital trends in the chemical industry. Let’s dig deep into the implementation of digital transformation in the chemical industry. We will start with technologies involved in bringing digital transformation- Key Digital Transformation Trends for Chemical Sector 1. Internet of Things (IoT)  Connected devices, servers, and a robust network- the Internet of Things (IoT) technology enables you to make the mo...