INTRODUCTION
Digital transformation is gaining momentum in the Indian Industrial sector. Organisations are adding digital capabilities to their manufacturing processes. Industry 4.0 focuses on the end-toend digitalization of all physical assets & processes.
A notable digital transformation is occurring behind the scenes of India’s largest industrial organisations. Industry leaders are digitalizing essential operations and procedures. They are adding digital capabilities to their manufacturing processes and investing in data analytics as a critical capability to generate innovation and substantial efficiency gains. India’s industrial enterprises also intend to enhance their total degree of digitalization significantly.
The phrase ‘Industry 4.0’ refers to the fourth industrial revolution. Industry 4.0 focuses on end-to-end digitisation of all physical assets and their integration into digital ecosystems with value chain partners. In contrast, Industry 3.0 focused on the automation of equipment and processes. The benefits promised by Industry 4.0, which connects a wide variety of new technologies to produce value, are based on the seamless generation, analysis, and communication of data.
Successful industrial firms will emerge from this change as truly digital organisations, with physical deliverables at their core, supplemented by digital interfaces and datadriven, creative services. These digital firms will collaborate with customers and suppliers in industrial digital ecosystems. These advancements will significantly impact individual businesses and market dynamics across various sectors. That is true in both established and emerging markets throughout the world.
INTRODUCTION
Digital transformation is gaining momentum in the Indian Industrial sector. Organisations are adding digital capabilities to their manufacturing processes. Industry 4.0 focuses on the end-toend digitalization of all physical assets & processes.
A notable digital transformation is occurring behind the scenes of India’s largest industrial organisations. Industry leaders are digitalizing essential operations and procedures. They are adding digital capabilities to their manufacturing processes and investing in data analytics as a critical capability to generate innovation and substantial efficiency gains. India’s industrial enterprises also intend to enhance their total degree of digitalization significantly.
The phrase ‘Industry 4.0’ refers to the fourth industrial revolution. Industry 4.0 focuses on end-to-end digitisation of all physical assets and their integration into digital ecosystems with value chain partners. In contrast, Industry 3.0 focused on the automation of equipment and processes. The benefits promised by Industry 4.0, which connects a wide variety of new technologies to produce value, are based on the seamless generation, analysis, and communication of data.
Successful industrial firms will emerge from this change as truly digital organisations, with physical deliverables at their core, supplemented by digital interfaces and datadriven, creative services. These digital firms will collaborate with customers and suppliers in industrial digital ecosystems. These advancements will significantly impact individual businesses and market dynamics across various sectors. That is true in both established and emerging markets throughout the world.