Tech Trends: New trends shaping Industry 4.0

Podcast host Silloo Jangalwala, Associate Director, BMC, speaks to Harsh Kumar from Tech Consulting at EY India about the technological changes that the COVID-19 pandemic brought into the manufacturing sector, and the key challenges in smart manufacturing.

 Key takeaways

• With Industry 4.0, companies are transitioning to smart manufacturing, embedded with technologies such as IoT-based inventory, condition monitoring systems with remote access, digital supply chains, digital twins, and so on.
• Use of robots enhances productivity, safety and quality, leading to business continuity and increased efficiency of operations.
• 5G-based technologies can help in real-time prediction and detection of defects and damages.
• In manufacturing, the digital twin technology is being used for product development — high-precision connected tasks, energy management — and to troubleshoot or remove bottlenecks.
• Cybersecurity is a major issue because unprotected OT systems, old assets and ignorance of IT security measures create easy targets.
• In India, the overall pace of Industry 4.0 is affected by many factories being in remote areas. The rollout for an enterprise phase of 5G is still in a deployment phase.

For your convenience, a full text transcript of this podcast is available on the link below: Read the transcript

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