5 Biggest Mistakes when it comes to KPIs
Selecting the right Key Performance Indicators (KPIs) is hard! Peter Drucker is famously attributed for saying “If you can't measure it, you can't manage it.” But are you measuring (and managing) the right things? 5 Biggest Mistakes when it comes to KPIs 1) Measuring what is easy to measure - Often times companies select KPIs based on the available data at their disposal....
What The Finance : A Synopsis
WHAT DOES THE BOOK “WHAT THE FINANCE” OFFER? Some of the common concerns raised by many entrepreneurs include:- “How will I pay the next month’s salaries?” “How can I get funding?” “How are some entrepreneurs so successful in financial terms?” “What are the meanings of the financial terms my investors keep referring to?” “What is ‘financial management’ all about?” “How...
Great Resignation (OR) Great Recession (OR) Great Attraction?
Why there is a skill gap? Several reasons contribute to the skill gap in the manufacturing industry. TRIM is perhaps what can explain the most compelling reason for the shortage of skilled personnel. TRIM is an acronym for T = Technological Advancement R = Retiring baby boomers I = Ineffective training methods M = Misconceptions about the job 1. Technological Advancement The last few years have seen unprecedented...
SMART FACTORY Transformation with the OCTET RULE
SMART FACTORY TRANSFORMATION WITH THE OCTET RULE Octet rule is rule of thumb in Chemistry states that, atoms tend to form compounds in ways that give them 8 valence electrons & thus the electron configuration of a noble gas. Analogously, to build or to transform to a #SMARTFACTORY, well-defined 8 strategies are important. 1. Connectivity : Well-defined network infrastructure strategy for...
Intelligent Automation Simplified : A Synopsis
Intelligent Automation Simplified : A Synopsis Intelligent Automation is one of the key drivers in business transformation today. It has now become a part of the enterprise strategy of many large organizations. From back-office automation of manual, labor intensive processes, it has become a key enabler in enterprise transformation, automating customer journeys spanning across front, mid, and back offices. It...
Top Cybersecurity Challenges and Trends to Watch out in 2022
In the growing threat landscape and rising security incidents across the globe, 2021 can best be described as a growth year around cybersecurity and data protection platform. The level of threats and incidents has significantly raised in various business areas; however, the adaption of new technology has not decreased. Awareness of cybersecurity risks and need for security posture grew...
Hallucinating XR
There is a distant possibility of an Extended reality experience through hallucination. Let’s see the current state of tech, advancements & feasibility. Before we get there, Do you know Extended Reality (XR) is one of the art forms practiced in Ancient India? It’s called Indrajaal (இந்திர ஜாலம்: Tamil) — The art of Magic, illusion and deception. Listed in the 64 art forms...
Robotic 3D Manufacturing for Unmatched Flexibility
Robots tackle complex geometries in additive manufacturing, 3D cutting and composite layup. Robots are extending their reach. These multi axis articulators are taking 3D manufacturing and fabrication to new heights, new part designs, greater complexity and production efficiencies. Integrated with systems to extend their reach even further, their flexibility is unmatched. See how robots virtually defy gravity in additive manufacturing (AM),...
THE PAWN
Pawn are the most underestimated, underutilized resources in the world of chess as well as in the real world as well. Pawns form more than 50% of population in any organization and hence are extremely critical to understand as you have to deal with them every day for may be more than 50% of your productive time and yeah...
Generative Adversarial Networks (GANs) – “An AI & ML based Future”
A Blog Series on New & Emerging Technologies - by Mr. Subham Sarkar Generative Adversarial Networks (GANs) – “An AI & ML based Future” What are Generative Adversarial Networks (GANs)? In layman terms,"GANs are a system that pits two neural networks against each other to improve the quality of their results”. A GAN is an Artificial Intelligence (AI) & Machine Learning...
SMART FACTORY LEAGUE
SMART FACTORY LEAGUE is a two-day senior-level summit closely focused on bringing decision-makers in the manufacturing industry together. It is a perfect platform for manufacturing experts to share their knowledge, discuss trends, and network. In 2022 we will meet again in Hamburg on September 29-30. Industry 4.0 is honoured to partner with Smart Factory League In this article, let us guide you...
Sustainability Centric Software Development Life Cycle
Sustainability Centric Software Development Life Cycle (SDLC): Business Case framing and evaluation framework Over last few years, an accelerated sense of urgency has crept in our minds to address the key question regarding how to make world a more sustainable place so that we leave a better place to live for our future generations. While global political leaders, climate activists...
What is INNOVATION ?
“The only way to discover the limits of the possible is to go beyond them into the impossible.” I am a Software Principal Engineer at Dell Technologies and have been working since 2016. My specializations are "system designing" and "design thinking", which allows me to dig into my creative reservoir and fuel my innovative passions. What exactly is Innovation? There are gaps...
Be mindful that Industry 4.0 is a mind boggling revolution
Begin with the end in mind We sense a great change in affairs, an overthrow of established political, economic, and social systems – that is what a revolution does; it boggles our mind in chaos, and there are great pearls of opportunities and consequences in the mess that follows. Indeed Industry 4.0 is a mind boggling revolution. How to survive...
Energy 5.0: How digital transformation in the energy sector will affect future manufacturing, environment and societies
Shortly after the Fourth Industrial Revolution became a global trend, a new term started floating around the corporate and institutional communication channels. The introduction of Industry 5.0 by Frost & Sullivan’s Aroop Zutchi in 2019, was followed by the term’s adoption by the European Union. Over the last 3 years, the European Commission has included it in every transitional...
Getting into the Metaverse – Part 2
Meta verse is the evolution of the internet, and booting up new set up use-cases, and claiming to empower humans beyond the reality, it will also expose us with a new set of vulnerabilities, let’s understand it more. Metaverse is the next Internet, that’s what we summarized it in the previous article. We discussed it’s characteristics and building blocks. In...
What is a Collaborative Robot ?
A cobot (short for collaborative robot) is a robot intended for direct human-robot interaction within a shared space. Traditionally industrial robots have been completely isolated from human interaction. The idea of cobots was invented in 1996 by J. Edward Colgate and Michael Peshkin, professors at Northwestern University. The idea of collaboration between human and machine opens the doors for many new...
Cyber Security Risks & Emerging Trends in 2022
Cyber Security Risks and Emerging Trends in 2022 Cyber Security and Data Protection continue to be a key focus for business leaders and key regulators across the globe. A range of risks & vulnerabilities affect their approach to enhance their digital safeguards in 2022. Cyber security has always been a never ending race, but the rate of change is accelerating...
Getting into the Metaverse – Part 1
Meta verse is a new buzzword in internet technology, let’s understand it step by step. From definitions and opportunities to it’s concerns and how to get ready for it. Meta verse is the most enquired word after Facebook renamed itself “Meta” to align to their metaversal vision. However, the term “metaverse” was coined 3 decade ago by Neal Stephenson, in...
Rare Earth Metals – The War for World Domination
A Blog Series on Geo-Politics & Economics From “Oil is Black Gold” to “Data is the Next Oil,” the new geo-political & economic buzzword is “Rare Earth Metals.” And there is a war being strategized and fought for the same on multiple fronts - on the Earth, below the Earth, and even on the Moon! To set a bit of a...
