Industry 4.0 - What changes are coming and how to be prepared for India?

Industry 4.0 is the future that we all will work in - it is inevitable. In this future, industrial companies will become digital enterprises - digitally integrating value chains, suppliers, and bring highly customized innovative products and services. This will be transformational and will have massive implications for companies in the Indian context, that is, to re-create a business model & strategy and refocus on human capital & culture. How well are businesses in India prepared? 

VDMA & Maier+Vidorno have teamed up to ask German companies in India, how they are preparing for this change in their Indian operations. In this context, we conducted in-depth discussions with 12 companies (with representation from component manufacturers, automotive, solution integrators and robotics, categorized as mid-to-large setups in India). We are happy to bring you the answers in this report.

India and Industry 4.0 

India is at a very nascent stage of industry 4.0 – as most participants agreed, this is a journey and not a destination! Industry 4.0 is an ecosystem with the customer being a part of it, where companies are capable of delivering customized solutions at today's’ cost. On adoption of Industry 4.0, participants pointed towards the value drivers that are presently unclear to the target group. All companies understand the increasing importance of “Data” and realize the need for training on data analytics and making investments in advanced systems. Most of them realize that there will be a change in the business model, resulting in a major change in job roles and decision-making competency. Many still require more clarity on “How to make this transition?".

Maier+Vidorno presented the findings at the VDMA- India Summit 2019 and got great feedback. If you would like to know what companies are doing – and what you can do, please download the report here (https://lnkd.in/eg5c3QN)

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