Infrastructure and Consumer spend is driving economies into a new Growth trajectory. Manufacturing driven by this new found vigour augurs well for Indian Industries. Given the plethora of opportunities, for Indian Manufacturing Industry to leverage and grow alongside, choices will be limited. There will be market, technology, customer, consumer, Government -from external and a host of internal factors will cause disruptions of unseen magnitude. This will also result in superior volatility in terms of volumes and prices, newer demands on quality apart
Infrastructure and Consumer spend is driving economies into a new Growth trajectory. Manufacturing driven by this new found vigour augurs well for Indian Industries. Given the plethora of opportunities, for Indian Manufacturing Industry to leverage and grow alongside, choices will be limited. There will be market, technology, customer, consumer, Government -from external and a host of internal factors will cause disruptions of unseen magnitude. This will also result in superior volatility in terms of volumes and prices, newer demands on quality apart.
Future expects the Foundations and beliefs of Indian Manufacturing Industry to be re-construed and re-constructed in terms what, how, where and when we operate. For long and even today at least 60% of Manufacturing in India are not free from being Dirty, Dusty & Dangerous. Despite bludgeoning growth of Engineers in the Society, the good from them coming into Manufacturing Industry remains a challenge. As economy grows and offers alternative employment, current style of working with migrant work force will be challenged. Even otherwise, wages and employee costs are set to increase manifold driven by Governmental interventions.
While India integrates with rest of the World in terms of Economy, Manufacturing Industries cannot be left behind in integrating Global Technologies. Industry 4.0 offers potential solutions for many of the problems and challenges encountered by Manufacturing Industry if embraced well and in true spirits. Industry 4.0 offers us ways to improve Productivity, Quality and Processes through interdependent and interactive technologies. Industry 4.0 if not adopted by choice, will be forced upon us by circumstances if not by customers – like Global competition, productivity, technological obsolescence, employee preferences, environmental restrictions, ever increasing costs and consumption patterns.
Industry 4.0 is an essential tool for us to become a Digitalised Desirable Industry and to become a destination by choice for the next-gen entrepreneurs, customers and employees.
Industry 4.0 will help Manufacturing:
 To monitor and control processes to deliver quality outputs
 Ensure Zero Defect Zero Effect by eliminating potential human errors
 Enhance equipment and people performance through sensors and data capturing
 Optimise Costs through continuous monitoring and control of resource utilisation and consumption
 Eliminate unwanted waste generation and resources utilisation by appropriate Organisatiom Wide, Process Wide digitalization
 Improve shop floor utilisation, productivity and cleanliness through process monitoring and automation
These are just indicative amongst the innumerable benefits offered by Industry 4.0.
Industry 4.0 – The Foundation for Smart & Lean Manufacturing
Productivity gains and cost optimisation can happen only when our Industries can become smarter and leaner. This calls for Leadership conviction and commitment of Global order. Such necessities will be driven by increasing openness of MNCs and impaired growth opportunities elsewhere in the World leading to GLOCAL Manufacturers.
Smart & Lean Manufacturing means digitalization. Digitalization is led by fitting manufacturing equipment with sensors, and the ability to collect, transmit and interpret data in real-time. This is expected provide levels of traceability and control previously unattainable. Digitalization will enable Tools, Machines and People to communicate with each other at optimum and appropriate levels. Holistic integration of Manufacturing Processes and Resources through Digitalization will give companies far better visibility of their industrial processes, ensuring that potential problems can be identified and eliminated even before they occur. Increase in confidence and improvement in acceptance rates can be easily visualised and imagined.
Preparation is the key to success for enticing such new developments. Let’s be enlightened to prepare ourselves for an interesting and intriguing future through Industry 4.0.