In light of the compelling benefits promised, smart manufacturing is finding widespread business adoption. However, in the implementation rush, enterprises may fail to convert ambitious intentions into meaningful ROI, as businesses fail to first identify what the ROI would represent. Data capture alone isn’t enough to materialize payback (ROI). To reap meaningful returns, companies must adopt a more nuanced, multi-layered approach as explained by LTTS’ Global Head of Digital Manufacturing Services, Prabhakar Shetty in this Control Engineering article.
About L&T Technology Services Ltd
L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 51 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 16,700 employees spread across 17 global design centers, 28 global sales offices and 49 innovation labs as of September 30, 2019.