One of the greatest challenges India facing in modern times is adapting to technology. Being an economy that is in a constant growth curve it is estimated that India will become a 2nd economic superpower by 2030. But if we observe our sustainability model and our import data India is a country that still uses more than 70 % of the imported electronic goods. Why is it that we do not have the ability to make our own goods and why China is able to do that?
Well everyone says that china gets labour at the cheapest rates and their manufacturing cost is low and they have all the resources available.
Well, the answer is China being effective a lower labour cost country is just a myth and it is not the cheapest country anymore. It is been known that a lot of the industries are moving to low-cost countries like Indonesia and Vietnam to reduce their operating costs in China and this proves our case. If we compare the resources all of the raw material that China is using has been imported from other countries when compared with China India has more per CAPITA utilization and is filled with rich natural resources and coastal area.
The only reason China is able to produce cheaper components is the usage of technology. Chinese companies or on the other note most advanced companies in the world that uses technology and machines to mass-produce products that are innovative yet cheap. The use of technology in manufacturing is always proven fact that the companies are always ahead of their competition and innovative. With the increased use of technology and adaptability in its core structure, any organization can thrive in the long term. Also, it is the need of the hour for any industry to upgrade their existing facilities combined with technology to reduce costs and increase quality so that they are always ahead of the competition.
One of the most disruptive technology integration of the century is IOT and when it is dubbed to the industry perspective with added pillars like robots, 3D printing and data security which are key to the manufacturing it has Become INDUSTRY 4.0 on the other words the fourth industrial revolution that we believe is the key which has the ability to change the Indian or on the other hand any country’s manufacturing Eco-System.
In the Indian perspective if we see most of the companies still uses conventional machines and still are labour intensive a survey states that 70 % of the Indian SMEs still uses either machine with an average age of 15 years or does not have automation and quality systems in place. With this being the scenario, it is becoming a difficult task for the Small and medium enterprises who are the backbone of the economy are unable to survive. Being said that even the bigger companies also were not able to survive because of the competition with technology-driven multinational companies.
As most of the industries or in other words, the most successful technology companies were driven by industry 4.0 Companies like 3D Systems, ABB, Kuka, Cisco and a lot more are driven by industry 4.0. That being said if we say a quick look at why these companies are giving much interest in industry 4.0. Well these are the benefits of Industry 4.0
- Data-driven decision making.
- Lesser production leads time because of automation.
- Customer satisfaction.
- Manpower and cost reduction.
- Increased quality of the product in fact some companies are operating at six sigma levels,
- Industry and brand recognition
- Increased asset performance monitoring and overall equipment efficiency.
- Increased collaboration between cross-functional teams.
With the above advantages INDUSTRY, 4.0 is set to change the industry on the other way the company whoever utilizes it.
How Tyzer Technologies can support Industry 4.0:
Tyzer Technologies being one of the leading companies in technology integration and system automation we help our clients in all the aspects and key pillars of INDUSTRY 4.0. We provide our customers with:
- Design and Manufacturing services
- Process automation
- Robotic integration.
- Prototyping and 3D printing
- Data security
- Cloud computing
- Augmented reality
- Factory digital transformation.
- Facelift projects to automate the existing process lines and we also create Flexible manufacturing systems that enable our customers to produce different components in one single cell.
- We do lean and six sigma transformation for organizations driving towards excellence.
We work with industries leading providers in industry 4.0 solutions. Along with our core capabilities and our partners in the arsenal, we will be to provide the best-in-class economical solutions that enable our customers to make the best of their organization.