Tech Trends: New trends shaping Industry 4.0
In this podcast, Harsh Kumar, EY India Technology Consulting Partner, talks about the new trends shaping Industry 4.0.
In conversation with:
Harsh Kumar
EY India Technology Consulting Partner
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.
Traditionally, heavy capex-based industries were using the digital twin technology, for instance, in flight simulators, deep-sea oil rig testing, and power plant simulators. Now this technology is becoming more pervasive and therefore closely entwined with Industry 4.0 across industry verticals.
For your convenience, a full text transcript of this podcast is available on the link below: Read the transcript
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Podcast
Duration 14m 32s
