634
2884967583011959117176
Industrial697758301194196150204252288322349403430
Products11527583011972107161215269320355403
Finder,158075830119679414920325629118717585011725
Annual19217585011766120174229282305
201922517585011771129184241
COVER546361017894190271357455
STORY1039361017887161256355431
create49682601144376125179203252
a776826011454
workforce858826011466120154200228282315358407
for129382601142781115
Industry143682601142477132184222247280322
4.0.178682601145684140168
The496939011448101150
true67493901142558110159
potential861939011454108133182234259282336359
of124893901145482
Industry135893901142477132184222247280322
4.0170893901145684140
should496105101143992146198221275
be7991051011454103
harnessed9301051011453107140193242281320368423
for1381105101142781115
creating1524105101144276124179203226279333
newer4961163011453102167216250
business7741163011454106145168221269308347
models11491163011480134189238261299
and14761163011454107162
not16661163011452107131
merely4961276011481129163212235276
bringing800127601145588111164218241294348
in1176127601142376
changes1280127601144396150203257306345
to1653127601142478
the1759127601142578127
nature4961388011453107132184217266
of790138801145481
work.8991388011466120153200228
However,11551388011469123189238280329362381
only15641388011454107130172
2017641388011456112
percent4961500011454103137179228281306
of830150001145481
CXOs9391500011469119200239
in1206150001142376
the1310150001142477126
Deloitte14641500011469118141195218243267316
survey496161201143991124167215257
‘consider781161201142871125178217240294343376
their1185161201142578126149183
organizations1396161201145487142196248271312366391414468521560
highly496172501145376130183206248
prepared772172501145488136191245278327381
to1181172501142579
handle12881725011453107160214237286
new16021725011453102168
business4961837011454106145168221270308347
or871183701145487
delivery9861837011455104127150192241274316
models,13301837011481135189238261300328
and16861837011454107161
less1875183701142372110149
than496194901142578132184
157091949011456112
percent8491949011454103136179228281305
believe11821949011455103126149198241290
they1500194901142477126168
are1696194901145487136
highly496206201145376130183206248
prepared772206201145488136191245278327381
for1181206201142882115
smart13242062011439119174207231
and15832062011455107162
autonomous4962174011454106131185238292372426478517
technologies’.1041217401142573116169222276299353407430479518546574
Why4962398011492154205
is730239801143076
this836239801143395125171
transformation1037239801143376138200246280339381472534568597657719
so17852398011446106
difficult?496251101146392126159189232292322356413
Let496262301144390115
us639262301145291
now7582623011453107172
examine958262301144990144225248301350
the1336262301142477126
five149026230114285193142
trends1660262301142558107160214253
that496273501142578132156
are680273501145488136
currently844273501144395128162211264288311353
shaping1225273501143992146200223276330
the1583273501142578126
industrial496284801142376130182221245279302356379
segment,903284801143987142222271324349377
which13082848011465118141184237
are1573284801145487136
affecting496296001145482109158200225248301355
value879296001144397120172221
creation1128296001144276125179203226280333
and14892960011454107162
thereby1679296001142477126159208262304
value496307201144397120172220
capture745307201144296151175227260309
in1082307201142376
manufacturing:11863072011481135188240267321364389441474497550604634
1.496318401145684
Product609318401145184140195251294323
as960318401145696
a10853184011455
service1169318401144093128173198241294
–14913184011448
By1567318401145395
transforming609329701142558112165204231285318399422475529
from1166329701142861115196
dumb13903297011454106186241
to1659329701142479
smart,17663297011438119173206231259
products609340901145488142196248291315354
are991340901145487136
now11553409011453107173
fast1356340901142782120145
emerging15293409011449129178211266289342396
as1953340901145493
full-fledged609352101142779102125160188211259314368417471
platforms1108352101145578132156184238271352390
that1526352101142578132157
address17113521011454108162196244283322
multiple6093634011481133155180203257280329
needs9663634011453102151205244
rather1238363401143387112165214247
than1513363401142477131184
serve1725363401143988121164213
a19663634011454
single609374601143962115169192241
purpose.8783746011454106139194248286335363
For1269374601144899132
example,1430374601144889144224278301350378
look1836374601142377131178
at609385801145479
the716385801142477126
way8703858011466120162
connected1060385801144296149202251294318367422
cars1510385801144296130168
are1706385801145488137
revolutionizing609397001143382125179202254278301355408431472495548602
the1240397001142477126
concept1394397001144397150192241295320
of1742397001145482
transportation.609408301142558112165204258312345370424449472526579607
2.496419501145684
Customisation6094195011468124165193249332357398453482507562618
–12564195011448
Consumers13324195011468122175214266347395429467
are1827419501145588137
no6094307011453107
longer744430701142377130184233266
passive10384307011455109147186209252301
customers.1367430701144294133158212292341374413441
The18364307011448101150
increasing609442001142376119152201255293316369424
personalization10614420011454103136175229282336359382423477501524578631
of1720442001145482
technology609453201142573116169222276299353407449
has10864532011453107146
meant12604532011480129183236261
that1549453201142477131156
consumers609464401144397150188240321370403442
now10794644011453107172
want12794644011466120173198
products1505464401145487142196248290315354
that1887464401142477131156
suit609475701143991114138
their775475701142578127150183
needs.9864757011453102151205244272
With12864757011486109134187
technologies1501475701142573116169222276299353407430479518
like60948690114234693142
AI,779486901145984112
manufacturers9194869011480134187239267321363388440473522555594
are1541486901145488136
relying1705486901143483106147170223278
on6094981011454107
hard7444981011453107140195
data9674981011454108133187
to1182498101142479
create1289498101144276124179203252
products1569498101145488142196248291315354
that609509301142578132156
are793509301145488136
intuitive957509301142376101153176201224266315
to1300509301142579
the1407509301142477126
needs15615093011453102151205244
and18335093011454107161
wants6095206011466120173197236
of873520601145482
individual983520601142375130153195218273325379402
customers.1413520601144294133158212292341375413441
Take609531801144891138187
the824531801142477126
case978531801144397135184
of1190531801145482
tailor1300531801142479101124179212
made15405318011480135189238
medical6095430011481129184207249303326
devices9635430011455104146169212261299
that1290543001142578132157
suit1475543001143890113138
a16415430011454
single1723543001143962115169192241
patient’s6095543011454108133156205258282313352
condition.989554301144296149204227251274328381409
3.496565501145684
Design6095655011470123164188244300
disruption937565501145681121156212267296321377432
–13985655011448
The14745655011448101149
advent16525655011454108151199252277
of1957565501145481
new6095767011453102167
technologies805576701142473116169221275298353407430479517
like135057670114234693142
automation,15205767011454106131185265319344367421474502
robotics,609587901143387142196220243286325353
machine9905879011480134177230253306355
learning1373587901142372126159212235288342
and17435879011454107161
AI1932587901146084
is609599201142362
bringing699599201145487110163218241293348
about10755992011454108162214239
radical1342599201143387142164207261284
changes1654599201144396150203257306345
in609610401142376
not7136104011453107132
only8736104011454107130171
product1072610401145588142196248291316
design,14166104011454103142165219272300
but17446104011454106131
the1903610401142477126
entire6096216011449102126149183231
product868621601145588142197248291316
life121262160114234673122
cycle1362621601144384127150199
itself.158962160114234886135158185210
4.496632901145684
Faster6096329011450104144172223257
speed894632901143994146197252
to1173632901142883
commercialisation1284632901144196179261313347389413467491515554609636660715770
–6096441011448
Interconnected685644101142477102150184226281333386435478502551606
technologies1319644101142473116169222276299353407430479517
associated609655301145493131185228251305330379433
with1070655301146689113166
Industry1264655301142578132184223247281322
4.01614655301145785141
have17836553011453107149198
revamped609666501143382125179259314363417
the1054666501142578126
supply1208666501143991145200223264
chain1500666501144396150173226
by1754666501145496
minimizing6096778011481104156179260283324347400454
the1091677801142578126
role1245677801143488111160
of1433677801145481
intermediaries609689001142376101149183263312366389443477500549587
and12246890011454107162
facilitating1414689001142781124147170193217271296319372426
direct609700201145477111160202227
consumer864700201144297149188240321369403
engagement.12957002011449102156210264313394442495520548
5.496711501145684
Distributed609711501147095136164199224280335364417472
manufacturing11107115011483138194250279335378406462497522578633
–17727115011448
Build18487115011453105128151205
to609722701142579
order716722701145487141190224
over968722701145496145179
build11757227011454106129152206
to1409722701142579
stock1516722701143963117160207
is1751722701142361
the1840722701142578127
new6097339011453102167
manufacturing8057339011480134187239266321363388440473496549603
mantra.14367339011481135188212246300328
The17927339011448101150
emerging2310826011449128176209262284336389
models2725826011481134187235257295
of304682601145481
manufacturing3153826011481134186237263316358382433465487539592
is231093801142362
making2400938011480134181204257311
production273993801145588142196248291316339393446
more3213938011480134168216
optimal23101050011454108133156237291314
and26521050011454107161
cost2841105001144397135160
effective,3029105001144976104153195220243285334362
eroding3419105001144983137191214267321
barriers23101163011454108142175198247280319
to2657116301142579
learning,2764116301142371126159212235288342368
entry31601163011449102127160202
and33901163011454107161
commercialisation.2310127501144397177258307340383406460483506544598623646700753781
In2310138701142578
light2416138701142346100153177
of2621138701145482
these2731138701142477126165214
trends,2973138701142458107159214252280
manufacturing21971500011481135188239267321364388440474497549604
companies2829150001144296177231285338361410449
are3306150001145487136
grappling2197161201145488142196250273296349403
with2628161201146689114167
two-fold2823161201142490144181208262285339
challenges3190161201144396150173196245298352401440
that2197172401142578132156
are2381172401145488136
hindering2545172401145376129184232266289342396
the2969172401142578126
transition3123172401142558112165204227252275329382
to3533172401142478
Industry2197183601142578132184222247280322
4.02547183601145684140
in2715183601142376
the2819183601142578127
manufacturing29741836011480134187239267321363388440473496549603
sphere2197194901143993146195228277
–25021949011447
at2577194901145479
the2684194901142578126
machine28381949011481135178231254307355
level,3221194901142372115164187215
there3464194901142477126159208
are2197206101145487136
issues2361206101142362101153201240
in2629206101142376
product2733206101145488142196248291315
design30762061011455104142165219272
and33762061011454107162
information2197217301142376103157191271325350373427480
flow.2705217301142750104170191
Design29242173011469118157180234287
and32392173011454107161
engineering21972286011449102156179232281330363386439493
teams2718228601142574128208247
work29932286011466120153200
in3221228601142376
silos.332522860114386184138177205
With35582286011487110135187
higher2197239801145376130183232265
number24902398011453105186240289322
Engineering28402398011450103157180233282330364387440494
Change33622398011469122176229283332
Orders21972510011483116170219253291
(ECO)2516251001142877146229256
that2800251001142578132156
may29842510011481135177
be31892510011454103
implemented21972622011423104158181230310359412437485540
to2765262201142478
improve28722622011423103157191245287336
cost3236262201144397136160
efficiencies2197273501144976104127169192241294337360408447
in2672273501142376
the2776273501142578126
manufacturing29302735011481135188240267321364389441474497550604
process,2197284701145488142184233272311339
the2564284701142477126
lack2718284701142377120167
of2913284701145481
congruence3022284701144397150204237289338391434483
with3533284701146588113166
design21972959011454103142165219272
makes24972959011481135181230269
turnaround2794295901142577110163217250304356409464
difficult3286295901145477104132155197249272297
to3611295901142579
achieve2197565501145497150173221264313
in2538565501142376
an26425655011454107
efficient2777565501144976104127169192241294318
manner.31235655011481135188241290323342
Design21975767011469118156179234287
to2512576701142478
manufacturability,26185767011481135188240267321364389440474528582605628651676718737
or3383576701145488
the3499576701142477126
practice2197587901145488142184209232275323
of2549587901145481
designing26585879011454103142165219272295348402
products3088587901145588142196248291316354
in3470587901142376
a35745879011454
way21975991011466120162
to2387599101142478
make24935991011481135182231
their2752599101142477126149182
production2962599101145588142196248291316339393446
simpler3436599101143861142196219268301
is2197610401142362
outdated.22876104011454106130185239263312366395
When27106104011486139188241
compounded2979610401144397177232286338391445494548
by3555610401145496
an21976216011454107
archaic2332621601145487130183237260303
supply2663621601143890145199222264
chain2955621601144295149172225
information,3208621601142376104158191272326350373427480508
the2197632801142578126
chances2351632801144396150203246294333
of2712632801145482
non-conformance28226328011452107159194239293346373427460541595648691739
are3589632801145488137
high,2197644101145376130183211
reducing2436644101143382137189231254307361
the2825644101142578127
production2980644101145488142196248291315338392445
value.3453644101144397120172221249
Product2197655301144879132185236278302
Life252665530114426491139
Cycle26916553011469110151173221
Management29386553011480133185238291339419467519542
(PLM)3507655301142774117195222
is2197666501142362
not22876665011453107131
in2446666501142376
sync2550666501143981134176
with2754666501146689114167
Manufacturing29496665011479133186238266320362387439472495548602
Execution2197677701144991139182234259282336389
Systems2614677701144990129154202283322
(MES),29646777011427107156205232260
creating3252677701144376125179204227280334
outdated21976890011454106131185239264312367
work25926890011466120153200
instructions2820689001142376114139172224267292315369422460
and33086890011454107162
documents.21977002011454108151203284332385410449477
There27027002011448101150183232
is2962700201142361
also3051700201145578116170
limited3249700201142346127150174223278
adaptability21977114011454108162217241295350373396419443485
to2710711401142579
design28177114011454103142165219272
disruption.3117711401145477116149201256280303357410438
At2310722701145984
the2422722701142578126
workforce25767227011466120153200228282315358407
level,3011722701142371114163186214
there3253722701142577126160208
is3489722701142362
an35797227011454107
unpreparedness21977339011452105159193241296350383432486539588627665
to2890733901142579
tackle2997733901142579121168191240
the3265733901142578126
changes389882601144396150203257306344
that427082601142578132156
Industry445582601142477131183222247280322
4.0480582601145684140
brings.497382601145488111164218256284
Design3898938011469118156179234287
consumption,421393801144296149188240320375399422476529557
inspection479893801142376115169218261285308362415
and5241938011454107162
quality38981050011454106160183206231273
reporting4199105001143382136190224248271324378
are4605105001145588137
largely4770105001142377110164213236278
paper50761050011454108163212245
based38981162011454108147196250
systems,4176116201143981119144193273312340
limiting4544116201142346127150174197250304
the4876116201142578127
potential50311162011454108133182235259282336359
to3898127501142579
harness40051275011453107140193242280319
data43521275011454109133187
for4567127501142882115
predictive4710127501145488137191214257281304347396
maintenance.38981387011481135158211235284337391444486535563
Without44891387011487110135188242294318
the4835138701142578127
power49901387011454108174223256
of5274138701145482
data,38981499011454108133187215
there4141149901142578126160209
is4378149901142361
limited4467149901142346127150174223278
scope4773149901143881135189238
for5039149901142882115
understanding38981612011452105159208241280305359412466489542596
production4522161201145488142196248291315338393445
losses4995161201142378116155204242
and52651612011454107162
strategising389817240114396397151175224278301340363416470
ways43961724011466120162200
to4624172401142579
improve47311724011423104158191245288337
Overall50961724011483125174207262285308
Equipment38981836011449104156179233314363415440
Effectiveness.4366183601145077104153196221244286335388437475514542
There49361836011448101150183232
other5196183601145479132181214
such3898194801143991133186
problems4112194801145588142196219268349387
which45271948011466119142185238
act4793194801145496121
as4942194801145493
hindrances3898206101145376129183216271323366415454
such4380206101143890133186
as4594206101145492
limited4714206101142346127150175223278
integration3898217301142376101149204237291316339393446
between43722173011454103127193242291344
ERP,47442173011449100148154
PLM4926217301144891171
and51252173011454107161
MES38982285011480129178
teams,4104228501142573127208247275
extension4407228501144990114163216255278332385
point48202285011454108131184209
are5057228501145487136
predominately3898239801145488137191245325348401455480529552594
proprietary4520239801145487141196229252301326380413455
software5003239801143892120145210264298347
and38982510011454107161
significant4087251001143962116169192220243285339392417
skill4532251001143985108131154
gap.47142510011455109163191
The38982734011453115173
factory4100273401143496140174233275326
of4456273401145992
the4578273401143395154
future4761273401143494127187229288
A38982847011459
‘brilliant3985284701142887120143166189212267319344
factory’4357284701142882124149203236278311
as4696284701145493
conceptualised4817284701144397150192241296320372426449472511560614
by3898295901145496
one40222959011454107156
of4206295901145482
the4316295901142477126
OEMs44702959011483132212250
leading4748295901142372126181204257311
digitisation,3898565401145477132155179202241295319342397449477
is4403565401142362
the4493565401142578127
pinnacle4648565401145477130183237279302351
of5027565401145482
manufacturing38985767011481135188239267321364388440474497549604
ingenuity,4530576701142376130179232284307331373393
where49515767011466119167201250
heretofore38985879011453102135184209263290344377426
discordant4352587901145578116159213246301355408432
elements4812587901144972121202250303328367
of5207587901145481
the5316587901142578126
manufacturing38985991011481135188239267321364388440474497549604
process,4530599101145487141184233272310338
like489659910114234693142
design,50665991011454103142165219272300
engineering,38986103011449102156179232281330363386439493520
production,4446610301145487141196248290315338392445473
supply4947610301143990145199222264
chain3898621601144396150173225
and41526216011454106161
services4341621601143887121163186229278316
are4685621601145488137
stitched485062160114386386110153206255309
together3898632801142579133182206259308341
by4267632801145597
connected4392632801144296149202251294318367421
technology4841632801142574117169222276299353408450
into3898644001142376101155
‘one4081644001142882135183
intelligent4292644001142376101150173196219273322375399
system’.4719644001143981120144193274296324
The40116553011448101150
factory4189655301142781124149203236278
of4495655301145481
the4604655301142578127
future4759655301142779104156189238
is5025655301142362
driven5115655301145487110153202255
by3898666501145496
two4022666501142591145
primary4195666501145487110191245278320
objectives45436665011454108131180223248271313362401
–49726665011447
to5047666501142579
enable51546665011449102156210233282
faster3898677701142782120145194227
product4153677701145488142196248291315
regeneration4496677701143483137186238287321375399422476529
and50536777011454107162
ensure38986889011449102140192226275
optimization42016889011454108133156236259300354379402456509
of4738688901145481
assets,4847688901145493132180205244272
facility,5147688901142781124147170193218259279
fleet389870020114275099148173
and40997002011454107161
network.42887002011453102126192246280326354
With46707002011487110135188
IoT4886700201142478127
cutting5041700201144294119143166219274
across3898711401145497130184223261
the4187711401142578127
entire43427114011449102126149182231
value4601711401144397120172221
chain4850711401144295149172225
from5103711401142861115196
design38987226011454103142165219272
to4198722601142579
field430572260114275099122176
service,4509722601143988121164187229278306
there4843722601142578127160209
are5080722601145487136
several3898733901143987130179212266289
fundamental4215733901142880133187241322371423448502525
building47687339011454106129152207230283337
blocks5133733901145477131174221259