Benefits & Future Scope of Cloud Computing In Manufacturing Industry

The arrival and wide acceptance of advanced technologies like AI, ML, Big Data, Blockchain, and more have made cloud computing a pivotal force in the digital transformation of various industries. Within a short period, cloud computing has become a priority of most organizations. The pandemic has further raised the demand because organizations of all sizes started adopting cultures like work from home, remote management, and more.

But, the phenomenon of cloud computing is not that new for sectors like IT, Finance, and e-commerce as they have been using cloud-based products for a long time and are benefiting from it now. Amidst all this transformation, there still are sectors like the manufacturing industry that are coping with the scenario and have a long way to go to utilize the full potential of cloud computing and with the pandemic not showing any signs of immediate halt, no industry would want to get hampered again with any possibility of lockdowns.

In that case, the coming year can be crucial to get that required business boost and achieve the set business milestones. As far as the stats are considered, according to a report by Nasscom, enterprises’ spending on cloud computing is expected to rise to $7 Bn by 2022. Another report by Market research future states that the manufacturing sector is forecasted to attain $111.9 Bn worth of cloud computing investment by 2024. These stats are evident enough to signify the increasing demand and speedy adoption of cloud computing-related services in the manufacturing sector. Apart from this, the FDI inflows in India in the previous decade make it clear that the demand from the manufacturing and the IT sector in the country is further going to rise, hence the sector needs to be future-ready in that sense.

The road ahead of cloud computing in the manufacturing sector

Talking about the manufacturing sector, the key always has been to fulfill speedy delivery of larger orders & requirements all being affordable and flexible at the same time. These needs of the industry can be fulfilled by cloud computing, as for the sector, connectivity of all different elements of every section, right from procurement to production and later to storage, is a key requirement. In that case, manufacturers can utilize various cloud services to streamline everything and stay connected with the end consumers at the same time. Yes, there is a significant rise in the number of manufacturers using a combination of public and private clouds, and the demand is on the rise. Then for those looking out for or planning to incorporate cloud computing in their business flow, they couldn’t have asked for a better time than now, and staying back will result in missing out on targets a big time.

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