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Industry 4.0
- 1. INDUSTRY 4.0 USHERING IN THE NEXT WAVE OF INNOVATION IN MANUFACTURING
- 2. THERE HAVE BEEN THREE REVOLUTIONS IN MANUFACTURING AutomationElectricitySteam Engine
- 3. CHALLENGES DRIVING THE NEXT FRONTIER OF PRODUCTIVITY Shorter innovation lifecycles Global shift in buying power and new global champions Complex products Performance improvement from classical automation, lean & globalization tapering out Customized product to be delivered in real time
- 4. INDUSTRY 4.0 – THE NEXT PHASE OF DIGITIZATION IN MANUFACTURING Digital to Physical 3D printing & advances in robotics and artificial intelligence Human Machine Interface Next generation interfaces like Augmented Reality Analytics Advances in algorithms, machine learning & availability of data Rising Data Driven by lower cost of computing and connectivity Source: Mckinsey Driven by 4 disruptions
- 5. Of organizations have experienced increased efficiency MANUFACTURERS UNDERSTAND THE POTENTIAL OF INDUSTRY 4.0 82% Of organizations have experienced fewer product defects Experienced increased customer satisfaction 42% 49% Source: American Society of Quality
- 6. THEY STRUGGLE WITH THE DIGITAL CAPABILITIES Source: : Mckinsey Industry executives report that digital capabilities fell short of current aspirations Digital operations is a critical driver of competitiveness Digital is a senior leadership priority The challenge What’s missing ? We have a strategy for how digital will enable competitiveness Our organizations have high digital capability 80% 61% 37% 13%
- 7. INDUSTRY 4.0 - ENABLING THE TRANSFORMATION OF MANUFACTURING Digital Business Business models Products & Services Value chain New business models Digital enabled business models which are more focused on customer outcomes and ties rewards to customer benefits Smart offerings New functionality thru smart connected products and smart services Value chain digitization Integration of value chain processes for flexibility and meeting customer expectations
- 8. DIGITIZATION OF VALUE CHAINS End to End Information flow across the lifecycle. R&D Source Make Distribute Service End of Life
- 9. SMART PRODUCTS AND SERVICES 02 04 01 03 Improve business outcomes Orchestrate products and services to deliver business outcomes, ownership of financial results Improve product outcomes Optimize customer operations, monetizing industry data for best practices, benchmarking , Ecosystem lifecycle services Going beyond lifecyle services for the product – Total asset management, plant maintenance. Optimize maintenance services Predictive maintenance, IoT enabled field service, parts planning , consumables fulfillment Smart connected products
- 10. NEW BUSINESS MODELS As a service products, services and solutions orchestrated for outcomes which customers pay for Software based licensing for software which enables operational visibility and management for customers. Market making platform Platforms which match supply and demand to improve customer experience and /or create new demand. Data led asset management Machine data led Capex, Opex and Risk management services
- 11. INDUSTRY 4.0 ARE YOU READY FOR THE JOURNEY ?
- 12. THANK YOU