The Society of
Indian Automobile Manufacturers (SIAM), the apex industry body, held the 15th
Lecture Series on Digital Innovation and Smart Manufacturing: Industry 4.0 and
Beyond, on virtual platform.
The 15th Lecture
highlighted the adoption of connected and intelligent digital technologies is
transforming traditional manufacturing shop floors into sustainable smart
factories, enhancing productivity, profitability, compliance, and customer
Divided in two
sessions, the 15th Lecture witnessed industry stalwarts and experts discussing
the impact of Industry 4.0 and the means to achieve environmental
sustainability by sharing the latest knowledge and best practices around smart
manufacturing and related business and technological innovations.
Banerjee, Executive Director, SIAM, said that, as complexities around products
and services increases along with the turnaround time to go to market,
continuous technological disruptions, and changing customer preferences, there
is an increased pressure on manufacturing to meet the market demand. In such a
scenario where there are complex KRP systems and integrated supply chain
partners that require business intelligence and data handling, the complexities
demand that industry 4.0 awareness increases drastically.
Arya, Chairman, SIAM Manufacturing, Industry 4.0 and EODB Group, & CEO
& MD, Daimler India Commercial Vehicles, touched upon key aspects of
industry 4.0, including increased automation, bridging of the physical and
digital world with cyber-physical systems enabled by IoT, and a shift from
central industrial control system, with smart products defining manufacturing.
Industry Veteran Mr Mahesh Kaikini, Co-Chairman, SIAM Manufacturing, Industry
4.0 and EODB Group, & Chief of Quality, Hero MotoCorp, expressed while the
digital technology is very well recognized, it needs a long-term roadmap and
policy framework. He further discussed the blurring of the lines between
physical, digital, and biological system, and focused on industry 4.0 key
digital value drivers.
The Society of
Indian Automobile Manufacturers (SIAM) is a not-for-profit apex national body
representing all major vehicle and vehicular engine manufacturers in India.
SIAM works towards supporting the sustainable development of the Indian
Automobile Industry with the vision that India emerges as the destination of
choice in the world for design and manufacture of automobiles. It also works
towards facilitating enhancement of the competitiveness of the Indian
Automobile Industry, reducing the cost of vehicles, increasing productivity,
and achieving global standards of quality
SIAM Press Release