Startups working towards Manufacturing Excellence & Industry 4.

Analytics:
Industrial start-ups are assisting manufacturers with the rapid use of
industrial time-series data to improve production efficiency, product
quality, and safety. They are building platform that can
create “digital twins,” or digital replicas of physical equipment and
assets which enable easy and accurate data analysis. The technology
can provide insights including potential equipment failures and how
to optimize operations.

Artificial Intelligence:
In Artificial Intelligence field, new start-ups are building Lightning
edge computing software platform. The platform that can equip AI
capabilities, embedding edge intelligence as close to the source of
sensor data and enabling unprecedented low latency for onsite &
real-time data processing.

Machine Learning & Big Data:

Today machine-learning platforms and solutions can help
manufacturers gain real-time insights into the effectiveness of their
equipment with a focus on predictive maintenance and Overall
Equipment Effectiveness (OEE). Its smart manufacturing platform can
create digital twins of manufacturing equipment, adding connectivity
and big data analytics that impact corporate bottom lines.

Building Micro-factories using Industry 4.0 Automation:

Startups focusing on Industrial automation can change the speed of
product manufacturing, improve quality and efficiency. Today new
start-ups are promising to transform manufacturing efficiency
through customizable, software-defined Micro factories, which uses
machine learning, 3D Printing, Augmented Reality R&D Labs, Robotic
cells, and computer vision to improve product assembly and
inspection processes through automation. Recent case studies have
shown a 60% increase in productivity.
Cyber-security:
Start-ups are developing cybersecurity platforms that caters
specifically to manufacturers, providing asset identification, threat
detection, and response capabilities. The mission is to safeguard
civilization via the cyber-protection of industrial organizations that
provide vital services including running water and safe industrial
working environments.

Robotics:
Robotics Start-ups are building industrial robotic software like Forge.
Boasting smartphone-like simplicity, they aim to level the
automation playing field for all manufacturers (great and small),
eliminating brand dependency, reducing skills gaps, and enabling
easy robotic motion control.

Fully Digital Manufacturing Supply Chain:

Companies are heading towards fully digital manufacturing solutions.
The smart manufacturing platforms can provide manufacturers with
real-time visibility, providing actionable insights for managing day-to-
day production and optimizing operations. This helps them to take
their supply chain end-to-end in a digital platform, eliminating any
human errors and improve the efficiency to a level where they can
predict their sales and marketing strategies well ahead of time.