Embark on the journey with a 3-step transformation approach
“Many companies we spoke to find it hard to formulate an Industry 4.0 roadmap which is customised according to their strengths and challenges. They are often overwhelmed by the multitude of technologies in the market and how they can be integrated seamlessly into their infrastructure.”
Dr. Andreas Hauser
Director of Digital Service, TÜV SÜD
Wednesday, December 19, 2018
Industry 4.0 has advanced from a buzzword to reality today. To accelerate the transformation of industrial sectors, Singapore Economic Development Board (EDB), in partnership with TÜV SÜD, launched a world-first tool – Smart Industry Readiness Index (“The Index”) – in November 2017 to help industrial companies harness the potential of Industry 4.0 in a systematic and comprehensive way. At Hannover Messe 2019, a “Prioritisation Matrix” will also be launched to enhance the Index.
To date, TÜV SÜD has completed over 180 assessments with multinational corporations and small and medium-sized enterprises. A common challenge faced by organisations is how to translate the broad concept of Industry 4.0 into their specific situation and making it familiar across all functions within a company.
The Index is a globally accepted framework and provides a common language and understanding of Industry 4.0 and therefore creates and aligned tangible vision for all, from the management, operations and to technology teams. It also ensures that companies take a comprehensive perspective in assessing all dimensions of their business, as there is a tendency to place more focus on technology and overlooking critical areas like process design and workforce development.
Drawing from the learning experiences and knowledge from conducting these assessments, TÜV SÜD assumed the role of a learning journey partner at the recent Industrial Transformation Asia-Pacific event, the Asian edition of the renowned Hannover Messe held in Singapore from 16 to 18 October 2018. Hannover Messe is the world’s leading tradeshow for industrial technology.
As a learning journey partner, TÜV SÜD designed and powered a 40-metre exhibition gateway titled “Gateway to Industry 4.0” to provide attendees with information about the vision and benefits of Industry 4.0. Here is a guided tour by Dr. Andreas Hauser, Director of Digital Service Centre of Excellence, TÜV SÜD through the five zones: Introduce, Vision, Impact, Transformation and Embark.
Numerous companies are looking to start on their Industry 4.0 transformation, but are unsure of where and how to begin.
Dr. Andreas Hauser, Director of Digital Service Centre of Excellence, TÜV SÜD has curated the content of the Gateway based on his experience assessing organisations in Asia and Europe over the last year. He said, “Many companies we spoke to find it hard to formulate an Industry 4.0 roadmap which is customised according to their strengths and challenges. They are often overwhelmed by the multitude of technologies in the market and how they can be integrated seamlessly into their infrastructure and operations.”
In response to this need, TÜV SÜD has outlined a 3-step transformation approach to help businesses systematically roll out Industry 4.0 initiatives.
In the first step “Initiation”, companies assess their Industry 4.0 readiness before conducting a gap analysis to identify their gaps in transiting from their present to future state. Dr. Hauser commented, “The Smart Industry Readiness Index is a key element of the “Initiation” phase of the Industry 4.0 transformation journey. It provides a systematic framework for companies to kickstart their journey and transform from their present-state to a future-state; integrating workforce, processes and technologies to become an agile organisation.”
The second step is “Solutioning”, in which a roadmap is defined and the business case for each initiative evaluated. Initiatives are then implemented while ensuring that quality requirements in terms of safety, security, reliability and interoperability are met, which is crucial for robust, extendable and scalable solutions. In the last step “Operation”, the company’s running systems are being controlled to ensure reliable and smooth operations and optimised to minimise operation and maintenance costs.
The launch of the "Prioritisation Matrix" tool by TÜV SÜD, together with Singapore Economic Development Board (EDB), McKinsey & Company, SAP and Siemens will help companies identify and recommend focus areas and digital initiatives to prioritise.
Jackie Tan, Global Business Line Manager, Industry 4.0, TÜV SÜD advises companies, “In order to successfully achieve their strategic business objectives, our experience shows that Industry 4.0 initiatives have to be coupled with relevant key performance indicators. In addition, the leadership team must prioritise projects in an Industry 4.0 transformation roadmap based on vision, business value, workforce skillset and resources.”
At the end of the Gateway, attendees could embark on their transformation journey by participating in a self-assessment – a snapshot of the readiness assessment in the “Initiation” step – to evaluate their Industry 4.0 readiness.
Ready to embark on your transformation? Start with the quick self-assessment here today.