Uploaded on Sep 9, 2020
The manufacturing industry is among the oldest and is known by the groundbreaking changes it goes through. One of the result changes at the international level is Industry 4.0. Many Indian small and medium enterprises are still not through industry 3.0 while the world is preparing for Industry 4.0 Technologies.
Industry 4.0 And WhatIndustry 4.0 And What’s in it for Indian SMEs’s in it for Indian SMEs
Industry 4.0 And
What’s in it for
Indian SMEs
valuegrowthaudit.com
Indian SMEs And
Their Preparation
For Industry 4.0
The first industrialization marked the increased use of
machines, and then the second industrialization was about
electricity. Industry 3.0 grew with computers. India and other
developing countries have always been slower than
developed countries in accepting the new norms and
technology. For small and medium enterprises in India, going
digital with computers and the internet is still a big
task, business management consulting firms provide help to
valuegrowthaudit.com grow SMEs in their sector.
Industry 3.0 And Industry 4.0
BIG INDIAN PLAYERS HAVE STARTED, OR ARE ALMOST PREPARED FOR USING A.I., IOT,
AND M2M COMMUNICATION IN THEIR BUSINESS OPERATIONS. MANY BIG INDIAN
COMPANIES OF THEIR RESPECTIVE SECTORS ARE ALREADY REAPING BENEFITS OF
INDUSTRY 4.0 WHICH ARE:
• The decreased need for unskilled labor
• Higher efficiency and effectiveness through automation
• Smoother business processes Smart manufacturing process
• Decreased risk of manufacturing issues
valuegrowthaudit.com
Changing Manufacturing Trends
valuegrowthaudit.com
1. Digitalization: This is the process of converting manual work into a machine,
like keeping accounts in software or even having an espresso machine instead of
making a coffee. Due to pandemic, this has been given significant importance.
2. Internet: The Internet has changed how business was done. Today an enterprise doesn’t need a fancy office to lure customers, just attractive digital marketing campaigns and websites is enough. Indian SMEs have
started accepting the e-commerce style of doing business.
valuegrowthaudit.com
3. Machine to Machine Communication: This has been in existence for nearly two
decades. It’s less complicated arrangements are widely used. But in developed
nations and large firms in India, the higher management efficiency is achieved by
the more intensive and complicated versions of this setup.
4. Artificial Intelligence: The paradigm has shifted from digitizing to automation.
Machines are proving to be more productive and efficient than unskilled labor. So
businesses are looking to adapt to artificial intelligence and having a little human
oversight to make sure that things are going smoothly. Businesses have noted
that having automated production processes have resulted in fewer delays,
increased effectiveness, and fast procedures.
valuegrowthaudit.com
5. Internet of Things: The internet of things means widening the internet’s reach
from smartphones and laptops (desktops, or more) to other things like
refrigerators, TV, cars, watches, assembly line, boilers, and more.
Our Manufacturing And IT Consultants:
At Value Growth Audit (VGA), we boast digitalized and automated management
consultancy services. Our manufacturing consultants and IT consultants are
skilled in providing business with digital transformation services, re-designing,
and establishing advanced manufacturing processes. They assess, understand,
and provide the required technical assistance, training, and customization based
on the product category, client’s budget, overall goals and objectives, and
working process.
valuegrowthaudit.com
GET IN TOUCH
B-1005, TITANIUM HEIGHTS, OPP.
VODAFONE HOUSE,CORPORATE ROAD,
PRAHLADNAGAR,AHMEDABAD 380015
www.valuegrowthaudit.com
EMAIL ADDRESS
[email protected]
Comments