Need for Long-Term Digital Strategy to Deploy Industry 4.0 Models for Sustained Growth

No. PR- 004 April 9, 2021 New Delhi Need for Long-Term Digital Strategy to Deploy Industry 4.0 Models for Sustained Growth In India, quality and productivity are the bottom lines of digital transformation. Consistency, quality, and productivity are primary focus areas for the industry, mentioned Mr. Arun Kumar Jha, Director General, National Productivity Council, DPIIT, Ministry of Commerce and Industry, GOI in 7th VIRTUAL QUALITY CONCLAVE (VQC) on Quality Breakthrough by Implementing Digital Transformation organized by PHD Chamber of Commerce and Industry. Mr. Arun Kumar Jha emphasized that to maintain the quality of productivity we need to optimistically adapt to Industry 4.0 models like Artificial Intelligence, Machine Learning, etc. while Quality and productivity needs to fit into our working mindset, we need to ensure that the government handhold the industry in quality transformation by implementing digital transformation. Dr. Rajendra Kumar (IAS), Additional Secretary, Ministry of Electronics and IT (MeitY), GOI mentioned that in the past few years, Digital India campaign is picking up which is the umbrella program for all digital-based initiatives that different ministries and state governments have been taking to deploy digital technologies for improving citizen interface for services and its operations. These initiatives are getting expanded over the last few years in many new areas and domains. We are supporting startups and small businesses, as a result of all these effects we can see the status of the country going up internationally in the sphere of building innovation eco-system as we are one of the largest startup ecosystems in the world. He shared that India has been ranked in the top nations in the Global Innovation Index and we hope to improve in the times to come. We have been making efforts that our overall ease of doing business eco-system also improves and the compliance burden on the industry and startup businesses are reduced to the maximum extent possible. For achieving future goals and aspirations, we need to collaborate with industry partners for accelerating the share of the digital economy. We are working on AI-based research and technologies where is goal is to bring India to the cutting edge in terms of AI capabilities internationally. Mr. Nakul Pathak, Executive Director, IFFCO Limited in his presentation on Implementation and design for Industry 4.0 discussed the importance of technology as enablers for Industry 4.0 which include robotic process automation; deep learning; big data analytics; Blockchain technology; artificial intelligence; machine learning; internet of things and cloud networking. He mentioned that emerging technologies are still being explored and evaluated to maximize measurable ROI and the core intent is to help in reducing human bias in the basic decision-making process. Chatbots are already being used to provide a better employee experience to basic applicants. He emphasized that Nano Urea is going to be a huge game-changer; it will save lots of money and energy for the Indian Industry. Mr. Pradeep Multani, Senior Vice President, PHD Chamber of Commerce and Industry deliberated about the need for Industry 4.0 Market which is segmented by Technology Type Industrial Robotics, IoT, AI, and ML, Blockchain, Extended Reality, Digital Twin and 3D Printing. He mentioned that the global coronavirus outbreak is expected to further drive the adoption of Industry 4.0 and improve resilience to future pandemics. During the pandemic, automation and robotics, helps to decrease human dependence and allow the human workforce to safeguard against these threats and has enhanced productivity, hence, preventing the shutdown of plants in a crisis. India is a growing pioneer on the international stage for technological development and now intensely focusing on ‘Self Reliant India’. PHD Chamber would like to appreciate the efforts and initiative of governing bodies such as MeitY, QCI, NPC, DPIIT, and many more to extend their vivacious support and hand-holding to all critical sectors hampered in the pandemic era, which impacted world’s economy worst in the history, said Mr. Pradeep Multani. Mr. Deepak Pahwa, Chair, Innovation Committee, PHD Chamber while sharing industry perspective discussed the change in industry dynamics amidst the pandemic that has reinforced the value of industry 4.0, with rapid learning and adaptability to new technology tools. The transition to a post-Covid-19 next normal has changed the context for many digital projects. More adaptable industrial operations, higher productivity, and the development of innovative business models are all possible today but the future of innovations offers even more potential, with cutting-edge technologies that will create new opportunities for industries during the Covid-19 pandemic to fulfill customer requirements and expectations. He mentioned that Industry leaders are leveraging Industry 4.0 solutions, implementing nerve-centers, or control-tower approaches to increase end-to-end supply-chain transparency and fast-tracking automation programs. The better option for most businesses is to focus their digital efforts, targeting the most strategically important opportunities and aiming to achieve real scale at an accelerated pace. With the implementation of technology and automation, businesses should be looking to innovate operations and eliminate unproductive methodologies wherever possible. Mr. V.K. Mishra, Co-Chair, Innovation Committee, PHD Chamber while moderating the technical session mentioned that Industry 4.0 is the interaction of Machines and making decisions on time. It has improved our day-to-day working and is going to have lots of skilled interventions regarding Digital Transformation. Mr. Ankur Bansal, Co-Chair, Innovation Committee, PHD Chamber while moderating the second technical session mentioned that in today’s highly competitive and rapidly changing world, digital transformation begins as cultural transformation. We need to be open to external advice and feedback on what in the culture needs to change, both from new digital joiners and potential consultants. The conclave was moderated by Dr. Jatinder Singh, Director PHD Chamber, and attended by many industry stalwarts around the nation. Ends Media Division PHD Chamber of Commerce and Industry