Role of Automation in Industries

Manufacturing processes, basically, produce finished product from raw/unfinished material using energy, manpower and equipment and infrastructure.

Since an industry is essentially a “systematic economic activity”, the fundamental objective of any industry is to make profit.

Profit = (Price/unit – Cost/unit) x Production Volume

So profit can be maximized by producing good quality products,

which may sell at higher price, in larger volumes with less production cost and time.