Unleashing the Potential of Industry 4.0 in Emerging Markets

By Anju Ajaykumar

Category:
Industry Trends

ARC Advisory Group held the company's sixteenth India Forum for the process and discrete industries, from July 5-6, 2018 in Bangalore, India.  This year’s ARC India Forum, Digitizing and Securing Industry, Infrastructure, and Cities, attracted over 250 delegates. The Forum session topics covered industry and infrastructure moving towards digitization; automation trends, cybersecurity; smart technologies and smart cities; and several end user experiences. At the event, Ankur Goyal, Head – Strategic Business Development (Industry 4.0), Robert Bosch Engineering and Business Solutions, presented an end user presentation entitled, “Unleashing the Potential of Industry 4.0.”

Bosch India Journey: I40 Movement in India

Bosch has eight manufacturing plants in India; most are Industry 4.0 enabled.  The company provides solutions such as manufacturing execution systems, energy analytics etc. which are deployed and tested in its plants and then delivered to its customers.  Mr. Goyal shared Bosch’s Industry 4.0 journey in India.  The company follows four major philosophies to adopt digital transformation:

  • Building a Digital Culture: Provide Digital Immersion programs to facilitate understanding about digital transformation within the organization 
  • Hyper-local Solutions: Build solutions contextualized to Indian market
  • Long-term Vision and Agile Execution: Follow project management techniques for proper execution of planned projects, and build infrastructure and strategies for the future
  • Fostering Eco-system: Build ecosystem with hardware partners, cloud companies as well as incubate many start-ups related to its business
Industry 4.0 journey of Bosch India
Bosch India Journey Toward I4.0 in India (Source: BOSCH Presentation)

 

Industry 4.0 Gaining Traction in Emerging Markets

Industry 4.0 involves advanced technologies such as artificial intelligence, IoT, Big Data, advanced analytics, which significantly transform the manufacturing landscape, improve productivity and competitiveness, increase energy and resource efficiency and effectiveness.  As Industry 4.0 gains momentum, it is very important for emerging countries to understand the factors and conditions that have the greatest impact on the transformation of their production systems.  Bosch offers a consulting service to help companies adopt the concept of smart factory and Industry 4.0.  The company offers solutions for the entire value stream from source to delivery and from strategy to implementation.  Mr. Goyal presented the blueprint for emerging markets like India on how to get started about Industry 4.0.

Industry 4.0 readiness blueprint for emerging markets
Industry 4.0 Readiness Blueprint for Emerging Markets (Source: BOSCH Presentation)

 

Industry 4.0 is transforming the manufacturing sector around the globe.  It enables manufacturers to intelligently connect machines and equipment across the production line to build a seamless connected ecosystem where machines capture and exchange data through machine-to-machine communications and to human operators.  Mr. Goyal highlighted the importance of Industry 4.0 for emerging economies like India and the need to understand and adopt advanced manufacturing techniques, which is the key success factor in this ever-changing and competitive environment.  Though India lags in the automation of manufacturing facilities relative to the rest of the world, manufacturers in the country are making every attempt to implement advanced manufacturing technologies to improve their business operations and are gradually embracing the ongoing global trend of Industry 4.0 and smart manufacturing.  The country needs to make sure that it has the right resource and infrastructure to make the most of this digital transformation.

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