Manish Kothari Manufacturing in Machinery & Garments Skilling & Teaching – Vocational to Masters Social Entrepreneurship & Business Mentoring Circular Economy & Innovation, Enabling Technology, R&D
Making our Entrepreneurs “Future Ready”
Date: 14th Oct 2018
Workshop on Understanding iot An important business tool for msme’s …...….Business 4.0………..
How to Increase your Company Efficiency With Business Intelligence Market trend identification Improved operational efficiency Spotting business-related issues that need immediate attention Driving new revenues Bettering the decision-making process Optimizing business processes (internal) Source: https://www.synlogics.com/blog/business-intelligence-companies/
Main 7 Steps of Effective Decision-making for an Entrepreneur Establish the specific decision: • You cannot afford to generalize the process of decision making, you need clear on the decision that must be taken.
Gather the details: • One of the most critical stages in making decisions is gathering the relevant information.
Consider Alternatives: • Have a provision for the alternatives that would help achieve the same objective.
Weigh all factors: • Take time to weigh all the critical factors, be in line with the objectives and help solve some of the challenges faced
Pick the best option: • This is what makes entrepreneurs stand out, due to their ability to make critical decisions.
Implement it: • Do not stop at the point where the decision is made; take action to implement it.
Evaluation: • You should review all the decisions after a while so as to check if the desired results are being achieved.
Reference: https://medium.com/tools-for-entrepreneurs/tagged/entrepreneurship
What is the Role of IOT!
Everything is about DATA and all Decision Making or Business Intelligence Tools Need to start with Data
Every Decision requires an Action or Physical Activity to realize the goals
IOT – Internet of Things : Collects Data & Uses Decision Making Tools to provide Actionable Insights on the Physical Activity… in today’s modern technology world it is the strongest tool
Understand the Evolution of Industry or the Physical Entity Industry 4.0 Industry 3.0 Industry 2.0 Industry 1.0 Mechanical Production using water & steam power
Industry 4.0 perspective
Mass production based on division of labour using electricity
Use of Electronics & IT to automate production
Cyber-physical systems, automation and the Internet of Things (IoT) to create smart factory
Industry 4.0 – CYBER PHSYICAL ENGAGEMENT Industry 4.0 involves improved automation, machine-to-machine and human-to-machine communication, artificial intelligence, continued technological improvements and digitalisation in manufacturing. Areas
Key Result Areas
Impact Ensuring stability & accuracy in production planning
Improvement in Productivity Operations
Improving asset utilisation & reducing downtime Higher labour efficiency Harmony in supply chain & better cost management
Managing raw material prices & availability
Reduction in Risk
Managing warranties & recalls effectively Minimising geographic risks Improve aftermarket revenue streams
Incremental Revenues Growth
Strengthening customer integration & channels
Ensuring additional sources of revenue in the core business Understanding customer demands better Developing new products & services
New Opportunities Industry 4.0 perspective
Expanding globally in newer markets Identifying strategic investment opportunities
Are we as a Management Clear why?
The key elements of enabling IOT as a Business Tool
Process automation – most challenging Machine automation – most common, needs process integration Machine learning – very critical for Smart Mfg 4.0 Systems integration – Bringing all Digital Devices to one platform
Upskilling Human Resources – key to success of Mfg 4.0 Copyright - Rhino Machines Pvt Ltd Approach to Smart Foundry
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4 Step Approach to Implementing Business Tools 4.0
Business 4.0 IOT Technology
Culture • Shop Floor Practices • Lean Manufacturing • Documenting Processes
• Digitization of Process, Production & Documentation • Connectable Devices & Machines
• Connecting Machines • Connecting People
Copyright - Rhino Machines Pvt Ltd
• Analytics • Actionable Insights • Automation of Insights to physical actions
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Steps to get on IOT Platform – Points to Ponder
Data Analytics
Data Interpretation Data Gateway to Cloud Data Mining The source • Determining the parameters influencing the process • Determining the data source - PLC, Sensors, Spreadsheet, Tables,…
• Determining the deployment of IOT for data acquisition • Determining the grain size, data formats for uploading data
• Defining the relationship of the data with the process • Defining the interrelationship of different data
• Algorithms to connect the data collected • Algorithms to find trends
Moving Forward to Enabling Business Tools 4.0 Proactive – Predictive Analysis Building the User Interface
Insights into Data • Determining types of insights to be developed • Determining how the data will be displayed in real time • Creating visualisation graphics for insights • Predictive insights - algorithms and development
• Determine Alerts & Updates for user • Create summary report formats • Create Decision making reports & alerts • Create dashboards - flexible and user dependent
• Create Machine Learning & AI Insights for improvements • Resource efficiency & utilisation analytics • Integrate with manufacturing analytics • Enable forecasting analytics for manufacturing & process
How are we doing it – Leveraging Expertise of Each to Grow Together Machinery Manufacturer or Process Provider
www.acefound.org
ACE Foundation – Creating the Culture Change
www.rhinomachines.net www.meemansa.in
IOT Enablers
IOT Enabled Businesses
www.ecolibriumenergy.com www.osisoft.com www.valuechain.co.in
Industry 4.0
Industry Experts onboarding as we progress
Operational Experts
Composite Solutions – Business Analytics
www.cspl.net.in
We are Continuously Leveraging the use of IOT as a strong tool for Business Growth
Thank You