What is the Role of Automation in Mechanical Engineering?

by Aman Khanna Finance

With mechanical engineering gearing up to fulfil the sky-rocketing demand of customers, India's automation market is projected to expand at 11%-13% in FY 2019-2020. The ever-increasing rise of automation used in industries is set to touch $3.99 billion by the end of this fiscal year.

India’s top mechanical engineers are taking to the latest innovative engineering start-up ideas such as incorporating automation to fuel the growth of modern industries.

This is becoming increasingly important as automation offers a host of benefits such as –

  1. Reduces dependency and inefficiency

By cutting down significantly on workforce and minimising labour-intensive processes – automation enhances quality control and lowers employee-related expenses. Right from hiring a skilled labour force to paying their remunerations, the cost is substantial.

Engineers can start building automated systems while realising the top mechanical engineering business ideas to stop relying exclusively on human resources and also improve operational efficiency.

However, investing in automation requires substantial finances. Avoid straining your personal funds or your business’ working capital, you could instead opt for financial advances offered by numerous lenders. For instance, you can avail a Loan for Engineers from NBFCs like Bajaj Finserv. They offer substantial loan amounts of up to Rs. 30 Lakh with minimal documentation. Moreover, you enjoy instant approval of the loan, fast disbursal and flexible repayment tenor.

  1. Improve metrics

If one knows what business intelligence is, he can use this concept to reel in automation to the production process. Automated transmitters can send reliable data discreetly to a remote database without data loss. This neutralises the human-error, which often results in records failure and incorrect statistical inputs.

  1. Facilities the growth of an industry

For instance, an e-commerce firm like Amazon can integrate automation into their warehouse management system. The automation process not only makes product shipment faster but also more efficient. Furthermore, the installation of manufacturing robots also saves time.

A research conducted by Forbes India suggests that automated warehouses take less than 50% floor space and perform 65% more efficiently than traditional ones. Using mechanical engineering start-up ideas, e-commerce firms can stock more inventories. Automated lifts and robotic carousels assure a smaller footprint while speeding up the process.

Additionally, installing smart LED lighting and movement trackers can detect even the slightest of activity from a distance. This goes a long way in conserving energy and also fosters reduced maintenance expenses. These are among the top reasons why mechanical engineers are incorporating warehouse automation technology.

  1. Improve inventories tracking and control

Introducing automation in a factory increases accuracy and traceability. Activities like product labelling, weight calculating, etc. take ample time if conducted manually. An automated system will involve substantial investments but it will increase production along with accuracy.

Future of automation in mechanical engineering

The modern industrial world is undergoing significant technological changes with an increasing demand for premium quality products. Using automated engineering start-up ideas, you can employ automation to not only streamline the supply process but attain a higher level of productivity.

The industrial automation is slated to function faster, smarter and operate more proficiently. This makes automation an indispensable tool in this digital age.

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About Aman Khanna Innovator   Finance

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Joined APSense since, March 16th, 2017, From Delhi, India.

Created on Jul 24th 2019 09:08. Viewed 245 times.


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