Points of View
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REALIZE THE DIGITAL FACTORY DREAM WITH A BROAD VISION AND PHASED IMPLEMENTATION APPROACH
The World Economic Forum has described Industry 4.0 as the next economic growth engine. It mentioned that by leveraging Industry 4.0, countries and companies have an opportunity to counter and potentially reverse the slowdown in productivity by diffusing and adopting technology at scale. Manufacturers have explored several Industry 4.0 initiatives in isolation, but enterprises can realize the full benefit of Industry 4.0 when the initiatives are connected and spread across the entire value chain. The remaining challenge for manufacturers is to scale initiatives by aligning the technology roadmap with the intended business outcome.
Technology partners play an important role in Industry 4.0 implementation: identifying business opportunities and implementing the relevant technologies. In this PoV, we discuss the typical roadblocks manufacturers face for Industry 4.0 initiatives and how technology partners can help mitigate them. This PoV also explains pointers that manufacturers should keep in mind for Industry 4.0 success and provides an example of how TCS is enabling a large Indian conglomerate to scale the digital manufacturing lever across the organization.
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