On 8th December 2021, Robert Bosch Engineering and Business Solutions Private Limited organised a virtual event “Bosch Conversions on Transforming Manufacturing with Industry 4.0 and Beyond.” In the event key aspects of Industry 4.0 transformation for the manufacturing sector were discussed.
As the technology becomes affordable, and more skillset available, the adoption of industry 4.0 or lighthouse factory will improve, said Ravi Kumar, Chief Digital Officer, Exide Industries Ltd. He was talking part of the panel discussion organised by Robert Bosch Engineering and Business Solutions. He also told that Industry 4.0 goes beyond manufacturing.
Talking about the importance of digital manufacturing, Virendra Chaudhari of AWS informed that Cloud is going to play a critical role in Industry 4.0 implementation. “While industry leaders are leveraging cloud and reaping its benefits, this is yet to be witnessed in a large part of the industry. More players need to step up and leverage the cloud to make a significant impact on their top line/bottom lines”, said Virendra Chaudhari. “IT and OT needs go hand in hand, and that is the biggest disconnect we are facing”, added Mr Chaudhari.
Amit Srivastava who moderated the panel discussion raised concerns about digital security. Answering him, Virendra Chaudhari told that security is a shared responsibility. Further, Mr Srivasatava spoke about lighthouse factories, which is basically about scaling up the operations.
In India, there are only two lighthouse certified factories, informed Sreekanta Aradhya B during the panel discussion. He informed that Europe leads the pack with 35 lighthouse certified factories followed by China. Bosch itself have 2 lighthouse factories in China, and can support Indian companies in the journey setting up lighthouse factories in India, added Mr Aradhya.
With a focus on enabling organizations to increase their manufacturing competitiveness, Robert Bosch Engineering and Business Solutions organised BoschConversations on Transforming Manufacturing with Industry 4.0 and Beyond. The virtual event discussed key aspects of Industry 4.0 transformation: Digital Operations and Industry 4.0, making it a strategy led journey beyond cost, achieving scale deployment, improving business insights, controlling costs and improving efficiency and creating new business models.
Amit Srivastava, Regional Sales Head – Asia Pacific and Middle East, Bosch SDS did the welcome address, Mahadevan Seetharaman, Partner, Bain & Company spoke about Competitiveness in Manufacturing through Industry 4.0, and Sreekanta Aradhya B, Global Head, Connected Industry, Bosch SDS presented his view on the Industry 4.0 in Manufacturing – Adoption to Transformation.
Followed by the opening session, Mahadevan Seetharaman – Partner, Bain & Company, Ravi Kumar – Chief Digital Officer, Exide Industries Ltd, Virendra Chaudhari – Head / Principal Business Development, IoT, India, AWS, Sreekanta Aradhya B – Global Head, Connected Industry, Bosch SDS participated in the panel discussion on Lower Adoption of Industry 4.0 in India – Management fence-sitters or ROI conundrum, moderated by Amit Srivastava.
With India gearing up to the digital age, Industry 4.0 is fueling a new era of connected technologies and data-driven insights to elevate productivity and efficiency in the way people interact and work. This brings the emergence of digital manufacturing and smart factories to digitalize the entire value chain, achieve scale deployment, and control cost besides improving speed, flexibility, and quality.
Reimagining manufacturing operations is vital for digital India. With more and more industry leaders now looking to leverage Industry 4.0, there is a need to understand the systematic approach to build smart manufacturing setups in order to achieve strategic goals. Bosch Conversations tried to address these timely topics in the virtual conference.
