The Society of Indian Automobile Manufacturers (SIAM), in association with the Institute of Management Technology (IMT), Ghaziabad, has conducted a workshop titled “INDUSTRY 4.0: Driving Towards Digital Transformation across Organisations”.
According to a press release from SIAM, the programme witnessed participation from several automotive industry experts, Government officials, academia, and other stakeholder associations.
Prashant K Banerjee, Executive Director, SIAM, said, “Industry 4.0 is fuelling the emergence of smart factories globally.” Connected and intelligent digital technologies are transforming manufacturing shop floors into sustainable smart factories enhancing productivity, profitability, compliance, and customer delight, he said.
“Industry 4.0 has significant relevance in the entire automotive value chain. Smart factories will be the main driver of competition for 2025,” he added.
Prof Vishal Talwar, Director, IMT Ghaziabad, said that industry 4.0 has been part of conversations across various corridors, and every organisation is at various stages of its implementation.
Industry 4.0 has huge transformational potential, but control over customers is a bit on the lower side, he noted, continuing that digitalisation will help mitigate the challenges.
“We need to be agile with the change that Industry 4.0 will bring to the table. With data becoming the future oil, cyber security is becoming increasingly important in ensuring the industry’s smooth progression,” Talwar said
Satyakam Arya, Chairman, SIAM Manufacturing, Industry 4.0 and EODB Group and CEO & MD, Daimler India Commercial Vehicles, said, “We are living in an era where customers’ choices are changing rapidly and along with that, demand and supply chain complexities are also rising.”
“The adoption of technology in every aspect of the value chain will build resilience and agility to survive this kind of world,” he added.
Industry 4.0 will enable businesses to lead the change rather than just respond. As an industry, we need to focus on reskilling or up-skilling of our people to prepare for the impact of increased artificial intelligence on job security, Arya opined.
Industry 4.0 refers to the fourth industrial revolution, which is based upon the cyber-physical transformation of manufacturing. Industry 4.0 has been defined as a name for the current trend of automation and data exchange in manufacturing technologies, including cyber-physical systems, the Internet of things, cloud computing, cognitive computing, and the creation of the smart factory.
Giving a thematic presentation on “Strategic Deployment in Hoshin 4.0,” Mahesh Kaikini, Co-Chairman, SIAM Manufacturing, Industry 4.0 and EODB Group & Chief of Quality, Hero MotoCorp, said, “Perspective change should happen across organisations, in tandem with the changing industry dynamics and everyone should be more than willing to accept and apply those changes.”
“It is very important to look at ways to strengthen control from within our organisations. We need to have a clear understanding of the objective, goal, and clarity on the way we intend to move forward,” he noted.