Industry 4.0: Leveraging for Efficiency, Adaptability, Productivity

Abstract

Industry 4.0 is a gradual shift from Manual tasks to Automated tasks and then to Autonomous systems. It will pervade across all the industries irrespective of their rendering to their end customers – Product or Service. Industry 4.0 will integrate both physical and digital world, enable more holistic and intelligent decisions. With huge inflow of data, it is up to the industry to decide on what to do with it. While there is always clarity in strategic intent, difficulty arises during execution which will impact competitive advantage. Technology will not be the cure for all the ills prevailing in the Industry. But, CMA’s have to live with technology because processes will be done digitally and through autonomous systems. CMA’s should have patience but avoid procrastination and gear up to face the upcoming Industry 4.0 challenges in a confident and professional manner.