Date: 10th June 2020, Wednesday
Time: 2.30 – 3.30pm SGT | 12 – 1pm IST
Amidst the global pandemic, businesses across industries including the manufacturing sector have had to deal with uncertainties and disruptions. Some manufacturers have seen reduced demand and others are increasing, shifting or relocating production to meet demand or manufacture new products.
One area of growing interest lies in adoption of Industry 4.0 to increase manufacturing and production flexibility, and to address supply chain challenges. However, the pace of adoption is uneven across companies. Lack of clear vision, strategy and a systematic roadmap are the biggest challenges hindering Industry 4.0 adoption. Many organisations are seeking answers to questions such as What is Industry 4.0? How can Industry 4.0 benefit my company? Where should I start? What are my gaps today and what are the opportunities tomorrow?
To help organisations get started on their Industry 4.0 transformation, TÜV SÜD and Singapore’s Economic Development Board (EDB) originally developed the Smart Industry Readiness Index in a partnership, enabling businesses to identify which aspects it must address to harness the full potential of a transition.
Smart Industry Readiness Index is an industry transformation framework which is developed based on the Reference Architectural Model Industrie 4.0 (RAMI 4.0) framework and has been thoroughly validated by an advisory panel of academic and industry experts. It is the world’s first Industry 4.0 diagnostic tool that is developed by the government for nation-wide transformation of industrial sectors. It offers pragmatic analysis across the three fundamental building blocks of Industry 4.0 – Process, Technology and Organisation. Eight pillars underpin each of these main blocks and include aspects such as operations, supply chain, automation, intelligence and talent readiness. These pillars then map onto 16 dimensions of assessment, which companies can use to evaluate the current status/readiness of their facilities in the context of Industry 4.0.
To ensure that it is an easy-to-use tool, the Index was piloted with companies within a diverse range of manufacturing sectors (e.g. chemicals, biomedical, electronics, aerospace) and across all business sizes, including small and medium-sized enterprises (SMEs).
The first step for a business with Industry 4.0 aspirations is to identify which aspects it must address to harness the full potential of a transition. The Index assessment process provides a valuable understanding of critical dimensions, as well as crucial insights into the individual facility’s status against those factors. This enables manufacturing companies to migrate by taking a targeted and step-wise approach, thereby creating tangible value for the business.
To help you understand how you can accelerate your Industry 4.0 transformation to meet your business needs amidst the global pandemic, TÜV SÜD’s expert will covers all aspects of Industry 4.0 and the Smart Industry Readiness Index over a complimentary webinar:
Date: 10th June 2020
Time: 2.30 pm SGT | 12 pm IST
Duration: 1 Hour
Speaker: TÜV SÜD’s Industry 4.0 Expert
Manufacturing Industry is constantly evolving. Industry 4.0 is the digital transformation of manufacturing, leveraging on data and the convergence of IT (Information Technology) and OT (Operational Technology) to realise connected factories in the information-driven cyber-physical environment.
In order to capitalise on the opportunities, companies can use the Industry 4.0 concept to devise a transformation strategy.
Click here, for more information on Smart Industry Readiness Index.
We strongly recommend that you undertake Smart Industry Readiness Index assessment process, to start your Industry 4.0 migration by taking a targeted and step-wise approach.
A comprehensive session with TÜV SÜD will help answer the questions and challenges you have on your processes / operations - starting with an in-depth assessment on your current facilities.
To know more about the Smart Industry Readiness Index, please mail us on [email protected].
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Bosnia and Herzegovina