The Future is Here – The VDMA symposium on Industry 4.0, the futuristic concept of manufacturing, promises a host of learnings
The world over, the concept of Industry 4.0 is fast gaining momentum. This new, disruptive technology based on digital innovations has recently found its curve of progression and has transformed and reshaped the way things are viewed in the manufacturing segment.
According to the International Yearbook of Industrial Statistics 2016 – published by UNIDO – with its ranking going up by three places, India has now been ranked sixth among the world’s 10 largest manufacturing countries. India is no exception to this global trend and is steadily increasing its share of global manufacturing GDP. All leading countries are embarking on major initiatives to promote manufacturing by adopting the advancements in the Internet and information technology arenas.
According to IBEF, the Government of India has set an ambitious target of increasing the contribution of manufacturing output to 25% of GDP by 2025, from 16% currently. IoT, being one of the most important aspects of Industry 4.0 for India, is expected to capture close to 20% share in the global IoT market in the next five years. According to the IBEF forecast, the IoT market in India is projected to grow at a CAGR of more than 28% during 2015-20. Further, the Government of India has taken up initiatives such as Green Corridor and Make in India.
India has a unique opportunity to innovatively pave its own road to Smart Manufacturing. Industry 4.0 is expected to transform manufacturing in India by bringing operational efficiencies to manufacturing industries like automotive, electrical & electronics, aerospace, etc. The major area of focus shall be the technological advancement across various industries. IIoT (Industrial Internet of Things), 3D printing, 3D sensors, social software, augmented reality, and location awareness, are considered to usher in the next era of smart production. These automation technologies are collectively moving the manufacturing industry towards the next phase of technological advancement.
Against this backdrop and to create more awareness among the manufacturing industry, VDMA is organising a symposium about Industry 4.0 on June 6 and June 8, 2018, in Bengaluru and Pune, respectively.
The event would be a confluence of industry veterans, policy makers, academia, and research institutions. Decision makers of VDMA members, Indo-German companies, and Indian companies from the engineering industry in both the cities are expected to participate.
Notable speakers from German and Indian companies would enlighten the audience on various facets of Industry 4.0 – smart factory, digitisation, predictive maintenance, business model/ strategy, and data security.
Participation is by invitation only. For details, please email firstname.lastname@example.org or call +91 033 – 4060 2364.