The fourth industrial revolution is bringing about a disruption in the way businesses operate in India. The development of Industry 4.0 in India is being driven by the need for increased automation and efficiency in production processes, as well as the adoption of new technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and big data analytics.
Industry 4.0 is expected to have a major impact on the Indian economy, with an estimated growth rate of more than 20 percent over the next five years. However, there are several challenges such as the lack of infrastructure and resources, dearth of technical skills among workers, high cost of implementation, and issues related to data security and privacy that need to be addressed for successful adoption of Industry 4.0 in India.
Industry Outlook came up with a webinar on Industry 4.0 to help its readers understand how these challenges can be addressed to harness the potential of Industry 4.0 and tap into the new opportunities it offers. On the panel, there were some esteemed guests from different industries who shared their views on the adoption of Industry 4.0.
The webinar started with the address by Dr. S Devarajan, Senior Vice President – Production Engineering, TVS Motor Company
Industry 4.0: The Key to Streamlining Automotive Manufacturing
"Smart manufacturing or Industry 4.0 is a must for all the industries. It is helping in the growth of the several manufacturing industries. The implementation of technologies should help in identifying the waste in whatever we do, identify if we have the right data, and analyze it to make the right decision. With the EVs coming into the picture, several changes are emerging.
Today, the customer’s expectation is changing. Customers will not accept anything that is not as per the quality level. Therefore, it is crucial to adopt digitalization as it optimizes manufacturing. When we have a certain requirement from customer, the right technology should be implemented. TVS Motor has adopted digitization to be transparent, to be able to take the data, analyze the data and leverage it. As the demand for quality rises, we need to ensure that we have consistent quality. Every customer is important and every piece of data has to be captured. This is a change happening currently.
The success of digitalization will be from the way we understand the requirement. Hence, at TVS Motor we have started from the supplier, inbound logistics, and logistics of where the material is. This is because we follow just-in-time model in terms of the manufacturing. Since there is one vehicle coming out of the factory after every 24 seconds, we need to ensure that the logistics are taken care of while the material, the production area and warehouses are handled inside the factory. Hence, we have tried to map the connection between the customers and their requirements by ensuring that data is captured at every stage.
In short, we have reaped the benefits of digitalization which includes transparency, data accuracy, inventory reduction, efficient manufacturing, customer satisfaction etc. At the end of the day, we have to ensure that the cost comes down as well and that is one of the main purposes of digitalization. Therefore, digital is not only about implementing sensors; it is also about reaping the benefits of data which are getting captured and ensuring that the productivity goes up in your manufacturing line."
Rise of Smart Factories in Aerospace Industry
Binu Krishnankutty, Director - Operations, Collins Aerospace India
shared his views from an aerospace industry's perspective.
"Let us look at some interesting insights about the growth of aviation sector in India. We are one of the biggest players in the country. As the country