Pune, July 22, 2021: In its bid to strengthen the ongoing discourse on leveraging digital technologies and physical domains for smart manufacturing in the automotive sector, Society of Indian Automobile Manufacturers (SIAM), the apex industry body organized the 15th Lecture Series on Digital Innovation and Smart Manufacturing: Industry 4.0 and Beyond, on a virtual platform.
Divided in two sessions, the 15th Lecture witnessed industry stalwarts and experts discussing the impact of Industry 4.0 and the means to achieve environmental sustainability by sharing the latest knowledge and best practices around smart manufacturing and related business and technological innovations.
In his welcome address, Mr Prashant K Banerjee, Executive Director, SIAM, said, “As complexities around products and services increases along with the turnaround time to go to market, continuous technological disruptions, and changing customer preferences, there’s an increased pressure on manufacturing to meet the market demand. In such a scenario where there are complex KRP systems and integrated supply chain partners that require business intelligence and data handling, the complexities demand that industry 4.0 awareness increases drastically.”
Industry Veteran Mr Mahesh Kaikini, Co-Chairman, SIAM Manufacturing, Industry 4.0 and EODB Group, & Chief of Quality, Hero MotoCorp, expressed while the digital technology is very well recognized, it needs a long-term roadmap and policy framework. He further discussed the blurring of the lines between physical, digital, and biological system, and focused on industry 4.0 key digital value drivers.
Citing the example of Taiwan, which is ranked No 1 Industrial cluster in the world by WEF, Prof. Yan, Vice President (R&D) and Faculty Director of MBA Program, Northwestern University (NU), Visiting Associate Professor at Cornell University, USA, explained that technology can be the driving force that can link to sustainability and livelihood. He elaborated upon Taiwan’s policy on industry 4.O, innovation aspects of advance digital technologies, value chain integration, and discussed case studies of smart manufacturing strategies.
Industry 4.0 is fuelling the emergence of smart factories globally. The 15th Lecture highlighted the adoption of connected and intelligent digital technologies is transforming traditional manufacturing shop floors into sustainable smart factories, enhancing productivity, profitability, compliance, and customer delight.