Industry 4.0 Indian Perspective System Integration, One of the greatest challenges India facing in modern times is adapting to the technology. Being an economy that is in constant growth curve it is estimated that India will become a 2nd economic superpower by 2030. But if we observe our sustainability model and our import data India is a country still uses more than 70 % of the imported electronic goods. Why is that we do not have the ability to make our own goods and why China is able to do that?
Well everyone says that china gets labour at cheapest rates and their manufacturing cost is low and they have all the resources available.
Well the answer is China being effective a lower labour cost country is just a myth and it is not a cheapest country anymore. It is been known that lot of the industries are moving to low-cost countries like Indonesia and Vietnam to reduce their operating costs in China and this proves our case. If we compare the resources all of the raw material that China is using has been imported from other countries when compared with China India has more per CAPITA utilization and filled with rich natural resources and coastal area.
The only reason China is able to produce cheaper components is usage of technology. Chinese companies or on the other note most advanced companies in the world that uses technology and machines to mass produce products that are innovate yet cheap. The use of technology in the manufacturing is always proven fact that the companies are always a head of their competition and innovative. With increased use of technology and adaptability in its core structure, any organizations can thrive for long term. Also, it is the need of the hour for any industry to upgrade their existing facilities combined with technology to reduce costs and increase quality so that they are always ahead of competition.
One of the most disruptive technology integration of the century is IOT and when it is dubbed to the industry perspective with added pillars like robots,3D printing and data security which are key to the manufacturing it has Become INDUSTRY 4.0 on the other words the fourth industrial revolution that we believe is the key which has the ability to change the Indian or on the other hand any country’s manufacturing Eco-System.
In the Indian perspective if we see most of the companies still uses the conventional machines and still are labour intensive a survey states that 70 % of the India SMEs still uses either machines with an average age of 15 years or does not have automation and quality systems in place. With this being the scenario, it is becoming a difficult task for the Small and medium enterprise who are the back bone of the economy are unable to survive. Being said that even the bigger companies also were not able to survive because of the competition with technology-driven multinational companies.
As the most of the industries or in other words the most successful technology companies were driven by industry 4.0 Companies like 3D systems, ABB, Kuka, Cisco and lot more are driven by industry 4.0. (Source Prnewswire.com) that being said if we say quick look of why these companies are giving much interest in industry 4.0.Well these are the benefits of Industry 4.0
1. Data-driven decision making.
2. Lesser production lead time because of automation.
3. Customer satisfaction.
6. Manpower and cost reduction.
7. Increased quality of the product in fact some companies are operating at six sigma levels,
8. Industry and brand recognition
9. Increased asset performance monitoring and over all equipment efficiency.
10. Increased collaboration between cross-functional teams.
With the above advantages INDUSTRY 4.0 Is set to change the industry on the other way the company whoever utilizes
How Believant Technologies can help Industry 4.0:
Believant Technologies being one of the leading company in technology integration and system automation we help our clients in all the aspects and key pillars of INDUSTRY 4.0. We provide our customers with:
1.Design and Manufacturing services
4.Proto typing and 3D printing
9.Factory digital transformation.
10.Face lift projects to automate the existing process lines and we also create Flexible manufacturing systems that enable our customers to produce different components in one single cell.
11.We do lean and six sigma transformation for organizations driving towards excellence.
We work with industries leading providers in industry 4.0 solutions. Along with our core capabilities and our partners in arsenal we will be to provide the best-in-class economical solutions that enables our customers to make the best of their organization.