Wednesday, January 17, 2018

Production - India in the Era of Industry 4.0 Revolution

WEF - The Readiness for the Future of Production Assessment (Industry 4.0) - 2018

The readiness assessment done by the World Economic Forum indicates that India is not adequately ready at the moment to take advantage of the Industry 4.0 Revolution.

The driver is the construct used for the assessment. Six drivers are used in the assessment,

Driver 1 -Technology & Innovation

Concepts of the Construct

Technology Platform
• Availability of ICT
• Use of ICT
• Digital Security & Data

Ability to Innovate
• Industry Activity
• Research Intensity
• Available Financing

Driver 2 - Human Capital

Concepts of the Construct

Current Labour Force
• Labour Force Capabilities
Future Labour Force
• Migration
• Education Outcomes
• Agility & Adaptability

Driver 3 - Global Trade & Investment

Concepts of the Construct

• Trade Openness
• Trade Facilitation and Market Access
• Investment and Financing
• Transportation and Electricity

Driver 4 - Institutional Framework

Concepts of the Construct

• Efficiency & Effectiveness
• Rule of Law

Driver 5 - Sustainable Resources

Concepts of the Construct

• Energy and Emissions
• Water

Driver 6 - Demand Environment

Concepts of the Construct

• Market Size

Consumer Base
• Consumer Sophistication

The Readiness for the Future of Production Assessment (Industry 4.0)

Key Hypotheses

The Readiness for the Future of Production Assessment (Industry 4.0) developed by WEF is
intended to stimulate discussion and advance further research.
There are two key hypotheses and working assumptions
that are fundamental to the assessment’s framework that needs to
be tested and researched over time.

1. The most important drivers of future readiness are Technology & Innovation, Human Capital, Institutional Framework and Global Trade & Investment.

2. Scale is not a prerequisite for future readiness.

Download the report - WEF - The Readiness for the Future of Production Assessment (Industry 4.0) - 2018

Samarth Udyog Charter
Mandated guidelines for CEFC (IISc, Bangalore) under SAMARTH Udyog

Awareness campaigns on Industry 4.0
Training for Master Trainers
Active Participation Provisions for Start-up/ incubators
Hand-holding of SMEs to plan and implement relevant Industry 4.0 projects to be done through consultancy services on chargeable basis
Collaborating with neighbourhood Universities for student training/internship programmes
Involving industry in SPV membership model for sustainability
Participating in a Government formed platform for Industry 4.0 on common agenda
To make adequate provisions for e-waste management
Involving as many clusters of Capital Goods as possible

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