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Industrial & Manufacturing: The ability of cloud computing to automate the industrial manufacturing process with the help of IoT is the primary growth factor of the global industrial cloud market.
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Cloud solutions enable manufacturers to seize benefits around cost reduction, flexibility, and new digital and smart capabilities. Cloud computing in production results in high-performance, transparent synchronization of all relevant data, which can be displayed according to user roles.
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Cloud computing also helps manufacturers use many new production systems, from 3D printing and high-performance computing (HPC) to the Internet of Things (IoT) and industrial robots. Moreover, cloud computing democratizes access to and use of these technologies by small manufacturers.
Major players use cloud computing in the industrial and manufacturing industries to optimize factory operations, increase efficiency, and provide more transparent and predictable business outcomes.
COVID Impact:
➢ Increased focus on resource optimization, energy efficiency and production costs, strategic partnerships and collaborations, and advancement in cloud computing technology are the factors driving the growth of the industrial cloud platform market.
➢ Shortage in the skilled technical workforce and project funding are restraining the industrial cloud platform market. The convenience of platform-based deployment acts as an opportunity. Data privacy and security is one of the challenges faced by the industrial cloud platform market.
Factory Process Optimisation:
Google Cloud partnered with Siemens to optimize factory processes and improve productivity on the shop floor. Siemens intends to integrate Google Cloud’s leading data cloud and AI/ML technologies with its factory automation solutions to help manufacturers innovate for the future.
Business Expansion:
Parker Hannifin Corporation acquired the assets of Silver Cloud Manufacturing, a maker of electromagnetic and radio-frequency-interference shielding products and display filters for various electronics applications.
Cloud Manufacturing Platform:
AnyMind Group, a software solution provider, announces the launch of AnyFactory, a cloud manufacturing platform to bring individuals and businesses together. The software would allow the industry to produce various products in the minimum amount of time and with better quality.
Manufacturing Cloud Platform:
Salesforce has announced Manufacturing Cloud, the industry-specific product that will align sales and operations to deliver more transparent and predictable business outcomes. The new solution will offer a unified view of the market and customer demands to forecast, plan and drive predictable business performance.
Cloud Platform:
Microsoft has announced the launch of a cloud platform dedicated to the manufacturing sector. The new Microsoft Cloud for Manufacturing, which will be available for public preview by the end of June 2021, is intended to support the industry’s core processes and needs.
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