The first Industrial Revolution was all about mechanizing production with the use of steam-powered tools, the second expanded industries through electric power and the third ushered electronics and Information Technology.
Today, the world is ready for the next big industrial revolution- defined entirely by automation and data exchange in manufacturing technologies; and Industry 4.0 is predicted to be more disruptive than ever before.
It is defined by smart machines that keep getting smarter as they get access to more data and factories that harness efficiency and productivity. The network of these machines, digitally connected with one another in order to create and share information- is the true cornerstone of Industry 4.0.
Navigating this complex landscape of immense change requires expert guidance and insight, especially in the context of growing economies like India.
In fact, according to an analysis by McKinsey, if Indian companies adopt Industry 4.0 across functions such as manufacturing, supply chain, logistics, and procurement, they can enhance their operating profits by 40% at less than 10% of the planned capital expenditure. For this reason, it is necessary to observe and learn from the examples of those who are already ahead of the curve in this respect.
The following is a list of established Indian Industry experts who are leading the change.