Though yet to be acknowledged by many, the Fourth Industrial Revolution aka Industry 4.0 Revolution is already underway in India and is redefining old-school manufacturing industry operations conclusively. Yes, Industry 4.0 also referred to as smart factory or smart manufacturing is the future of manufacturing. In fact, the entire concept of a smart factory or connected manufacturing units is fast becoming a pervasive concept.
What’s the prospect of Industry 4.0 in today’s Digital India?
In an era where business leaders and entrepreneurs are fast embracing technologies such as 3D printing, IoT or the Internet of Things, AI (Artificial Intelligence), machine learning, chatbots, robotics, etc., the concept of a smart factory or connected manufacturing units is fast turning out to be ubiquitous, which is where Industry 4.0 comes into the picture.
Right from railway coaches and water pumps to fast-food chains and warehouses, Industry 4.0 is taking diverse business landscapes by a storm. This includes startups, SMEs as well as big corporations.
Today, manufacturing machines are more connected than ever thus, getting smarter paving way for responsive and efficient manufacturing industry infrastructure. The prime objective of Industry 4.0 is to revive Indian manufacturing ecosystem by making tangible improvements in efficiency, safety, profitability and performance whilst minimizing environmental impact.
Industry 4.0 or smart manufacturing involves extensive use of data exchange and automation in critical manufacturing processes including areas like advanced analytics, cloud computing, cyber systems, etc.
In fact, several manufacturing industry in India have begun implementing the power of Industry 4.0 in their operations. For instance, today, a good number of manufacturing factories are deploying advanced data analytics in some or the other manner, whereas a few of them are even experimenting with additive manufacturing and autonomous robotics.
From robotics technology used to build car frames to intelligent manufacturing industry plants that connect with every machine in the factory keeping a tab of efficiency and work. The primary goal here is to curb waste and improve production processes. Most importantly, Industry 4.0 would open up doors for digital driven supply chain management, which would eventually help manufacturing businesses to improve annual efficiency rates and revenue.
Challenges
However, as with any technological revolution, Industry 4.0 too has its own set of challenges that businesses will have to overcome.
This is the reason business leaders particularly CIOs will have to come up with robust strategies with their C-suite people. For instance, they will have to work on more transparent systems and processes, knowledge exchange, etc. Long story short, businesses will need to build an ecosystem that supports the Industry 4.0 revolution.
One of the biggest challenges undoubtedly will be access to the required talent. For instance, manufacturing industry in India will require data scientists, a robust enterprise technology vendor and enterprise IT infrastructure to adapt to changing business systems and processes, for remember, change is the only thing constant. This is where Sage Software Solutions (P) Ltd. chips in to rescue the manufacturing sector in India by helping them understand and implement modern generation enterprise management or ERP solution and help them survive and scale up with the Industry 4.0 revolution.
At Sage Software Solutions (P) Ltd., we are home to world-class ERP software and CRM software that will solidify your business tech support fundamentals and enable you to build a customer-centric organization. To know more about it, You can also write to us at sales@sagesoftware.co.in
Disclaimer: All the information, views, and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views, or objectives of Sage Software Solutions (P) Ltd.
Sources: The World Economic Forum, The Economic Times, Supply Chain Digital.
