Industry 4.0 integration can bolster industrial manufacturing in India
The implementation of Industry 4.0 technology in manufacturing need not be a radically disruptive process, but can be conducted in a balanced and systematic manner based on strategic assessments of an organisation’s operations, according to management consultancy Intueri. The firm urges firms to “start small” in their digital transformations.
Intueri joins a host of other consulting firms in India that have been contributing to the discussion on what the best strategy would be to embrace the new digital paradigm. An increasing portion of the country’s substantial population is gaining online access, which has given rise to an expansive digital market.
Earlier this year, consultants at global management consultancy the Boston Consulting Group elucidated how special emphasis on digital retail, AI development, cybersecurity and 5G will help accelerate India’s Industry 4.0 integration. Intueri has now offered its strategy on how individual firms can ride the digital wave.
As per a new Intueri report on Industry 4.0, firms must keep sight of their priorities when working on digital integration, without getting caught up in the race for the latest technology. The primary goal of digital transformation, particularly in the manufacturing sector, is to increase “efficiency, flexibility and quality,” according to the report.
In addition, technology can be leveraged to lower the costs of production in the long run. Intueri suggests that firms ensure that these goals are being met via their investments in technology, which requires a strategic assessment of operations and possible areas of improvement prior to integration.
To this end, the firm divides the integration process into three phases. The firm explains, “The first phase involves a Proof of Concept of Industry 4.0, by tackling the organisation’s most pressing issue. In the second phase Intueri conducts a comprehensive Industry 4.0 maturity and feasibility assessment for the organisation and roadmap design for Industry 4.0 implementation.”
“The third phase will involve the implementation and post-implementation monitoring,” adds the firm. While Industry 4.0 is a multisectoral phenomenon, Intueri’s analysis deals primarily with the operations in the manufacturing sector, particularly businesses that have complex manufacturing processes.
For instance, the production chains in the aerospace, healthcare and industrial robotics & equipment sectors are highly complex, and face tremendous pressure to generate a speedy turnover in production. Strategic Industry 4.0 integration would be the ideal solution to productivity in these sectors.
