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Industry 4.0 And What’s in it for Indian SMEs

The manufacturing industry is among the oldest and is known by the groundbreaking changes it goes through. One of the result changes at the international level is Industry 4.0. Many Indian small and medium enterprises are still not through industry 3.0 while the world is preparing for Industry 4.0 Technologies.<br><br>

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Industry 4.0 And What’s in it for Indian SMEs

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  1. Industry 4.0 And What’s in it for Indian SMEs valuegrowthaudit.com

  2. Indian SMEs And Their Preparation For Industry 4.0 The first industrialization marked the increased use of machines, and then the second industrialization was about electricity. Industry 3.0 grew with computers. India and other developing countries have always been slower than developed countries in accepting the new norms and technology. For small and medium enterprises in India, going digital with computers and the internet is still a big task, business management consulting firms provide help to grow SMEs in their sector. valuegrowthaudit.com

  3. Industry 3.0 And Industry 4.0 BIG INDIAN PLAYERS HAVE STARTED, OR ARE ALMOST PREPARED FOR USING A.I., IOT, AND M2M COMMUNICATION IN THEIR BUSINESS OPERATIONS. MANY BIG INDIAN COMPANIES OF THEIR RESPECTIVE SECTORS ARE ALREADY REAPING BENEFITS OF INDUSTRY 4.0 WHICH ARE: • The decreased need for unskilled labor • Higher efficiency and effectiveness through automation • Smoother business processes Smart manufacturing process • Decreased risk of manufacturing issues valuegrowthaudit.com

  4. Changing Manufacturing Trends valuegrowthaudit.com

  5. 1. Digitalization: This is the process of converting manual work into a machine, like keeping accounts in software or even having an espresso machine instead of making a coffee. Due to pandemic, this has been given significant importance. 2. Internet:The Internet has changed how business was done. Today an enterprise doesn’t need a fancy office to lure customers, just attractive digital marketing campaigns and websites is enough. Indian SMEs have started accepting the e-commerce style of doing business. valuegrowthaudit.com

  6. 3. Machine to Machine Communication: This has been in existence for nearly two decades. It’s less complicated arrangements are widely used. But in developed nations and large firms in India, the higher management efficiency is achieved by the more intensive and complicated versions of this setup. 4. Artificial Intelligence: The paradigm has shifted from digitizing to automation. Machines are proving to be more productive and efficient than unskilled labor. So businesses are looking to adapt to artificial intelligence and having a little human oversight to make sure that things are going smoothly. Businesses have noted that having automated production processes have resulted in fewer delays, increased effectiveness, and fast procedures. valuegrowthaudit.com

  7. 5. Internet of Things: The internet of things means widening the internet’s reach from smartphones and laptops (desktops, or more) to other things like refrigerators, TV, cars, watches, assembly line, boilers, and more. Our Manufacturing And IT Consultants: At Value Growth Audit (VGA), we boast digitalized and automated management consultancy services. Our manufacturing consultants and IT consultants are skilled in providing business with digital transformation services, re-designing, and establishing advanced manufacturing processes. They assess, understand, and provide the required technical assistance, training, and customization based on the product category, client’s budget, overall goals and objectives, and working process. valuegrowthaudit.com

  8. GET IN TOUCH B-1005, TITANIUM HEIGHTS, OPP. VODAFONE HOUSE,CORPORATE ROAD, PRAHLADNAGAR,AHMEDABAD 380015 www.valuegrowthaudit.com EMAIL ADDRESS reach@valuegrowthaudit.com

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