Depending on the current state of the factory, the following need to be done: Develop Digital Strategy, get funds approved Create pilot projects, see the success level, and quickly build on that Use of Sensors, IoT, RFID, Analytics, Digitalization, and cyber-security, one can transform the current sRead more
Depending on the current state of the factory, the following need to be done:
Develop Digital Strategy, get funds approved
Create pilot projects, see the success level, and quickly build on that
Use of Sensors, IoT, RFID, Analytics, Digitalization, and cyber-security, one can transform the current state to a future state that can take on the competition and provide better customer satisfaction and better profit for the company
Robots: Precision assembling RFID: Optimal and effective use of assembly line, by using the same line to manufacture parts with multiple specifications Analytics: All parameters are analyzed and quick decision can be made about something, or quick action can be taken based on exceptions, because ofRead more
Robots: Precision assembling
RFID: Optimal and effective use of assembly line, by using the same line to manufacture parts with multiple specifications
Analytics: All parameters are analyzed and quick decision can be made about something, or quick action can be taken based on exceptions, because of availability of integrated data, which is analyzed using complex algorithms
Virtual Reality: Used for showcasing a potential product, and changes can be made quickly and in a cost effective manner Simulation: Reduces the need to develop physical products (for example, crash test of a car), thereby reducing cost Robotics: Humans working side-by-side with robots, with safetyRead more
Virtual Reality: Used for showcasing a potential product, and changes can be made quickly and in a cost effective manner
Simulation: Reduces the need to develop physical products (for example, crash test of a car), thereby reducing cost
Robotics: Humans working side-by-side with robots, with safety sensors implemented
Cyber-Physical Systems: Embedded Systems joining together with internet, data and services available online, one can have intelligent communication between real and virtual worlds
RFID: Supply Chain can be improved by knowing how much of which products need supply to which location by when, based on the pattern of sales at the respective locations
Pros: Improved productivity, quality, connectivity Better supply chain mechanism Better utilization of assembly line Completely integrated and networked environment Use of Analytics for decision-making Quick response time based on analytics and sensors Cons: Cyber-Security Requirement of huge investRead more
Pros:
Improved productivity, quality, connectivity
Better supply chain mechanism
Better utilization of assembly line
Completely integrated and networked environment
Use of Analytics for decision-making
Quick response time based on analytics and sensors
Cons:
Cyber-Security
Requirement of huge investment
Availability of proven technology (everything is evolving)
Availability of qualified and experienced resources to implement Industry 4.0
Potential resistance to change, by the workforce
Education and training of workforce may not be effective, and may take time
Unless the quick/first-mover advantage is utilized, can lag behind the competition, jeopardizing the return on investment
Everybody in the ecosystem benefits. Basically, all the stakeholders benefit: Customer is better satisfied because of the extent of customizations that are possible, and better quality Suppliers and partners are satisfied because they know exactly what is coming up, when to supply how much of whichRead more
Everybody in the ecosystem benefits. Basically, all the stakeholders benefit:
Customer is better satisfied because of the extent of customizations that are possible, and better quality
Suppliers and partners are satisfied because they know exactly what is coming up, when to supply how much of which items
Company benefits in terms of availability of huge volume of data completely integrated, and complex analytics is implemented
Employees are benefited with state of the art environment, knowledge, and empowerment, leading to lesser errors, and better accountability
Management is benefited in terms of improved market penetration, ability to provide additional services (subsidiary services based on primary product/services), which results in improved profit, and better employee satisfaction and productivity
Shareholders are benefited with improved return on investment
Post implementation of Industry 4.0, the benefits would include: Improved Customer Experience Improved Customer Satisfaction Improved Productivity Minor lot sizes can be produced Same assembly line can be used to produce varied types of goods with different configurations Seamless integration of venRead more
Post implementation of Industry 4.0, the benefits would include:
Improved Customer Experience
Improved Customer Satisfaction
Improved Productivity
Minor lot sizes can be produced
Same assembly line can be used to produce varied types of goods with different configurations
Seamless integration of vendors, company, and customers in supply chain
Use of real-time information using analytics, for quicker decision-making
Improved profit
Agile response system in production, supply chain, and early quality check
Agile response system for customer support and service
Agile mode of decision-making using analytics
Agile customer feedback and remedy
Indian manufacturing factories lag far behind even in digitalization. Though no credible number in terms of percentage is available, factories have a to go a long way for implementing Industry 4.0.
Indian manufacturing factories lag far behind even in digitalization. Though no credible number in terms of percentage is available, factories have a to go a long way for implementing Industry 4.0.
Major Industrial Revolutions are numbered in whole numbers. All the incremental improvements are given minor revisions. There has been several incremental improvements using the new and emerging technologies, especially in the area of digitalization. However, there is no significant improvement tillRead more
Major Industrial Revolutions are numbered in whole numbers. All the incremental improvements are given minor revisions. There has been several incremental improvements using the new and emerging technologies, especially in the area of digitalization. However, there is no significant improvement till now.
Providing a “marketplace,” to connect multiple parties and coordinate their interactions. Provider adds value to the system by ensuring a certain quality level and ideal distribution of the offerings. Technology platform or ecosystem, where companies facilitate the further development of advanced prRead more
Providing a “marketplace,” to connect multiple parties and coordinate their interactions.
Provider adds value to the system by ensuring a certain quality level and ideal distribution of the offerings.
Technology platform or ecosystem, where companies facilitate the further development of advanced products and applications based on their own original technologies and products.
Platforms ensure that multiple partners collaborate and the best outcome can be chosen for implementation. In addition, non-confidential data can be shared for crowd-sourcing of ideas.
First and foremost, vision and acceptance of the management Then about funding from the investors Changing the mindset of the employees Hiring the right skilled resources Getting the vendors and customers to collaborate Implementation of standards Challenges are at every stage of implementation of IRead more
First and foremost, vision and acceptance of the management
Then about funding from the investors
Changing the mindset of the employees
Hiring the right skilled resources
Getting the vendors and customers to collaborate
Implementation of standards
Challenges are at every stage of implementation of Industry 4.0
Digitalisation
Murali
Depending on the current state of the factory, the following need to be done: Develop Digital Strategy, get funds approved Create pilot projects, see the success level, and quickly build on that Use of Sensors, IoT, RFID, Analytics, Digitalization, and cyber-security, one can transform the current sRead more
Depending on the current state of the factory, the following need to be done:
See lessDevelop Digital Strategy, get funds approved
Create pilot projects, see the success level, and quickly build on that
Use of Sensors, IoT, RFID, Analytics, Digitalization, and cyber-security, one can transform the current state to a future state that can take on the competition and provide better customer satisfaction and better profit for the company
Product Development
Murali
Robots: Precision assembling RFID: Optimal and effective use of assembly line, by using the same line to manufacture parts with multiple specifications Analytics: All parameters are analyzed and quick decision can be made about something, or quick action can be taken based on exceptions, because ofRead more
Robots: Precision assembling
See lessRFID: Optimal and effective use of assembly line, by using the same line to manufacture parts with multiple specifications
Analytics: All parameters are analyzed and quick decision can be made about something, or quick action can be taken based on exceptions, because of availability of integrated data, which is analyzed using complex algorithms
Industy 4.0
Murali
Virtual Reality: Used for showcasing a potential product, and changes can be made quickly and in a cost effective manner Simulation: Reduces the need to develop physical products (for example, crash test of a car), thereby reducing cost Robotics: Humans working side-by-side with robots, with safetyRead more
Virtual Reality: Used for showcasing a potential product, and changes can be made quickly and in a cost effective manner
See lessSimulation: Reduces the need to develop physical products (for example, crash test of a car), thereby reducing cost
Robotics: Humans working side-by-side with robots, with safety sensors implemented
Cyber-Physical Systems: Embedded Systems joining together with internet, data and services available online, one can have intelligent communication between real and virtual worlds
RFID: Supply Chain can be improved by knowing how much of which products need supply to which location by when, based on the pattern of sales at the respective locations
What are the pros and cons of Industry 4.0?
Murali
Pros: Improved productivity, quality, connectivity Better supply chain mechanism Better utilization of assembly line Completely integrated and networked environment Use of Analytics for decision-making Quick response time based on analytics and sensors Cons: Cyber-Security Requirement of huge investRead more
Pros:
Improved productivity, quality, connectivity
Better supply chain mechanism
Better utilization of assembly line
Completely integrated and networked environment
Use of Analytics for decision-making
Quick response time based on analytics and sensors
Cons:
See lessCyber-Security
Requirement of huge investment
Availability of proven technology (everything is evolving)
Availability of qualified and experienced resources to implement Industry 4.0
Potential resistance to change, by the workforce
Education and training of workforce may not be effective, and may take time
Unless the quick/first-mover advantage is utilized, can lag behind the competition, jeopardizing the return on investment
Industry 4.0
Murali
Everybody in the ecosystem benefits. Basically, all the stakeholders benefit: Customer is better satisfied because of the extent of customizations that are possible, and better quality Suppliers and partners are satisfied because they know exactly what is coming up, when to supply how much of whichRead more
Everybody in the ecosystem benefits. Basically, all the stakeholders benefit:
See lessCustomer is better satisfied because of the extent of customizations that are possible, and better quality
Suppliers and partners are satisfied because they know exactly what is coming up, when to supply how much of which items
Company benefits in terms of availability of huge volume of data completely integrated, and complex analytics is implemented
Employees are benefited with state of the art environment, knowledge, and empowerment, leading to lesser errors, and better accountability
Management is benefited in terms of improved market penetration, ability to provide additional services (subsidiary services based on primary product/services), which results in improved profit, and better employee satisfaction and productivity
Shareholders are benefited with improved return on investment
How does agility play a role in Industry 4.0?
Murali
Post implementation of Industry 4.0, the benefits would include: Improved Customer Experience Improved Customer Satisfaction Improved Productivity Minor lot sizes can be produced Same assembly line can be used to produce varied types of goods with different configurations Seamless integration of venRead more
Post implementation of Industry 4.0, the benefits would include:
Improved Customer Experience
Improved Customer Satisfaction
Improved Productivity
Minor lot sizes can be produced
Same assembly line can be used to produce varied types of goods with different configurations
Seamless integration of vendors, company, and customers in supply chain
Use of real-time information using analytics, for quicker decision-making
Improved profit
Agile response system in production, supply chain, and early quality check
See lessAgile response system for customer support and service
Agile mode of decision-making using analytics
Agile customer feedback and remedy
What’s is the implementation status of Industry 4.0 in India?
Murali
Indian manufacturing factories lag far behind even in digitalization. Though no credible number in terms of percentage is available, factories have a to go a long way for implementing Industry 4.0.
Indian manufacturing factories lag far behind even in digitalization. Though no credible number in terms of percentage is available, factories have a to go a long way for implementing Industry 4.0.
See lessWhat are stages between the third and fourth industrial revolution?
Murali
Major Industrial Revolutions are numbered in whole numbers. All the incremental improvements are given minor revisions. There has been several incremental improvements using the new and emerging technologies, especially in the area of digitalization. However, there is no significant improvement tillRead more
Major Industrial Revolutions are numbered in whole numbers. All the incremental improvements are given minor revisions. There has been several incremental improvements using the new and emerging technologies, especially in the area of digitalization. However, there is no significant improvement till now.
See lessHow do you understand the type of Industry 4.0 business model as a platform?
Murali
Providing a “marketplace,” to connect multiple parties and coordinate their interactions. Provider adds value to the system by ensuring a certain quality level and ideal distribution of the offerings. Technology platform or ecosystem, where companies facilitate the further development of advanced prRead more
Providing a “marketplace,” to connect multiple parties and coordinate their interactions.
See lessProvider adds value to the system by ensuring a certain quality level and ideal distribution of the offerings.
Technology platform or ecosystem, where companies facilitate the further development of advanced products and applications based on their own original technologies and products.
Platforms ensure that multiple partners collaborate and the best outcome can be chosen for implementation. In addition, non-confidential data can be shared for crowd-sourcing of ideas.
What are the challenges faced by industries to implement Industry 4.0?
Murali
First and foremost, vision and acceptance of the management Then about funding from the investors Changing the mindset of the employees Hiring the right skilled resources Getting the vendors and customers to collaborate Implementation of standards Challenges are at every stage of implementation of IRead more
First and foremost, vision and acceptance of the management
Then about funding from the investors
Changing the mindset of the employees
Hiring the right skilled resources
Getting the vendors and customers to collaborate
Implementation of standards
Challenges are at every stage of implementation of Industry 4.0
See less