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Industry 4.0 and its impact on startups

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By Mr. Vikram Kumar, Co-Founder and Managing Director, SRV Media Pvt. Ltd. COVID-19 has made a paradigm shift in the way we think and go about life. Inside the four walls of our houses, we are forced to evaluate our practices, make changes, learn new things and create opportunities that would have never existed. For business owners, they have moved to the digital world and it has proved to be a major growth opportunity. Startups are learning to work with some of the best technology which has been at their disposal for years. Various articles and discussions ignited by multiple organisations suggest that this has accelerated the fourth Industrial revolution (or as it is called – Industry 4.0) which had set in at the turn of this decade. We couldn’t agree more! What is Industry 4.0? It...

The Next Shift: India’s Manufacturing Readiness Post Covid-19 Crisis

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Change is buffeting the industrial manufacturing industry comprising of the most disruptive innovations that would address the customer’s pain point. However, there is no one-size fits-all strategy that suits all industries. A clear understanding on the trends would enable a successful transition from traditional manufacturing into the Industry 4.0. The first step for transitioning is the development of a comprehensive strategic road-map that carefully evaluates the end-to-end process of manufacturing value chain, also the cost and benefits associated with each step. The map should chart out few of the technology and design trends. Technology Trends – While, Industrial Internet of Things (IIoT) builds on the capacity of accurate and consistent data capture and holds a potential for enablin...

Manufacturing Under Lockdown: Opportunities for Enterprise-Startup Collaboration

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NASSCOM CoE, an initiative by Meity and state Governments of Gujarat, Karnataka and Gurugram, is the biggest nationwide platform for innovation sandbox to solve real complex business problems, collaboration across the best minds from industry, academia, start-ups, and Government, and to develop the right platform for future technologies. FUSION4.0 was introduced as an initiative dedicated for Industry engagements and developing collective capabilities. Manufacturing under Lockdown: Enterprise Start-up Collaboration webinar took place on 11th May 2020. Here are the highlights. Keynote sessions summary Automobile Sector – Collaboration with Startups: Post COVID, Shared Mobility will take a backseat in the Interim, Digital Dealership on the Rise and Acquire or co-create capabilities in ...

Enabling Manufacturing using IOTA – A possible approach post Covid-19 paradigm

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Internet of Things is no more a technological breakthrough. Industrial applications have been faster in adoption of IoT and it has been playing a significant role for businesses that requires internal tracking, attaining near to zero error with less manual intervention, enabling machine to machine talking along with prognostic maintenance. RFID chips and other sensors are much cheaper in terms of cost and easier to manufacture than most of the sizeable and lumbering consumer electronics. The future of IoT will continue in these lines, especially post COVID with lot of manufacturing concerns embracing automation at a massive scale gradually shaping the smart industrial applications concept. However, the block-chain of IoT also calls for distributed and secure exchange of data captured throu...

Manufacturing Under Lockdown: Adapting To A New Normal Of Facial Recognition-Driven Attendance

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COVID19 hit us in full force by early March. Based on news reports and findings by researchers, it became evident that this virus can spread and multiply rapidly in many ways. While it is relatively simpler to isolate infected individuals, the worldwide fight against COVID19 became a notch tougher due to this virus’ adaptability to attach to surfaces like metal and plastic. There is a very high likelihood of COVID19 having spread so rapidly across the world due to its propensity to stick to surfaces, which necessitated the use of sanitisers and to wash hands vigourously upon touching foreign surfaces. Already, the Union Govt has issued a Personnel Ministry order, exempting all employees from marking their attendance using biometric scanner and urging them to manually register attendance. M...

Manufacturing Under Lockdown: Insights On eXtended Reality Enabling Remote Assistance & Virtual Collaboration

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COVID19 has put the brakes on life as we know it. Specifically, the manufacturing sector has come to a grinding halt as a result, causing a wave of concern among shareholders & industry leaders. Manufacturing in India is the lifeline; valued at more than $400bn, could possibly get a fillip from a raft of new technologies to ensure processes can continue without disruption and minimal physical human interaction. Keyur Bhalavat, founder CEO of Ahmedabad-based Plutomen Technologies along with Hiren Kanani, Director for Tech & Research & Ravi Patel, Director of Design, have come up with a range of solutions that use Augmented Reality & Virtual Reality to enable remote assistance, P2P collaboration and easy virtual communication. Plutomen Technologies Pvt Ltd is recognized start...

Design Thinking – Maximising Industry 4.0 Innovation Through The Human-Centred Dimension

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Industry 4.0 redefines the automation of the industrial system through digitalisation and aligning the value proposition of an organisation. Though there are umpteen number of ways to nominate transformation linking to the digital economy, systematising the role of design would be a delightful network of experiences for both the customer and the enterprise. The contribution helps to craft a digital road-map by highlighting the gap between the existing system and the simultaneous ongoing transformation, in addition to the interconnectedness of technology and design practices. There is an immediate need within manufacturing to shift structurally from low value-added sectors to high value-added sectors. Hence to enable this transition along with spending on R&D, sectors would require adop...

Industry 4.0 gets replaced by Industry X.0 where X stands for Experience

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Collaboration can create magic. In one such session by Marc Carrel Billiard, Head, Research and Development at Accenture the magic of co-creating was explored. It shouldn’t come as a surprise to learn that Marc is a self-taught passionate magician himself performing magic tricks when he’s not dealing with technology. While his tricks involve playing with the minds of individuals, Marc focused on how individuals can blend with technology to create magic within organizations eventually leading to enhanced user experience. How can enterprises survive the tech-clash between business and technology models? How can organizations and leaders thrive in the ‘techade’? The I in experience – Greater ownership leads to better experiences. The I in experience will entrust the individuals or users with ...

TechVoice: Industry 4.0 Adoption in Manufacturing: Where We Are and The Road Ahead

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Digital has become the backbone of manufacturing as every organization, irrespective of size, is looking to improve productivity. With revenue growth under pressure in the current economy, reducing cost has become a must-win battle for every manufacturer. Industry 4.0 is not at all a buzz word now; in fact, it has become a reality for large enterprises and a vision for small and medium enterprises as well. The adoption of digital technologies has seen significant growth in 2019, leading with automation and machines getting augmented with sensors, AI and IoT solutions. Traditional process improvement initiatives like Lean and Six Sigma have always helped the manufacturing industry to identify ideas that can drive productivity, but with Industry 4.0 those ideas are getting implemented fast a...

Industry 4.0-A Primer on Startup Driven Industrial Stories

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NASSCOM report highlights on the shift from legacy products to emerging technologies like IoT, EV, 3D Printing & the role of Indian startups in driving innovation on the industrial front. It also presents a probable approach to Industry 4.0 through an agile process. Key Findings India 4.0 – Driving shift to digital ER&D Indian industry is already reaping the benefits of Industry 4.0 with companies experiencing a step-up in revenues attributed to technology adoption. Industry 4.0 would be driven by products and services such as electric vehicles, smart products, drones, digital twins, automation technologies Agile Industry 4.0 – Accelerating the Digital Journey Implementation of an agile process will make the digitalization much easier with most of the manufacturers reaching out to ...