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Industry 4.0 has been defined as “a name for the current trend of automation and data exchange in manufacturing technologies, including cyber-physical systems, the Internet of things, cloud computing and cognitive computing and creating the smart factory”
The Fourth Industrial Revolution (or Industry 4.0) is a way of describing the blurring of boundaries between the physical, digital, and biological worlds. It is a fusion of advances in artificial intelligence (AI), robotics, the Internet of Things (IoT), 3D printing, genetic engineering, quantum computing, and other technologies.
Each manufacturing company today has an Industry 4.0 Plan and its implementation is on their radar either immediately or over the next 3 years. The situation due to COVID has furthered the need for implementation of digitization though it has put a break on the economies and cash flows of companies, most would soon take the implementation of Industry 4.0 tools sooner than later.
Implementation of Industry 4.0 tools has taken higher relevance in the post COVID days, especially due to the situation with manufacturing industry in China.
What is the problem the startup is solving?*
Reducing the cost and implementation time for implementation of Industry 4.0 Solutions to manufacturing and engineering companies.
How does your startup propose to solve this problem?
The challenges faced by the industry today is the lack of shop floor experience of implementation partners of Industry 4.0 solutions as mostly they come from IT companies and miss the domain. Our study shows that more than the solution, it is about the problem definition and we propose to start from the shop floor requirements with our domain expertise. Also, the methodologies that we plan to use are being devised with some innovation so that the implementation timelines and costs for the end customer are low.
What is the uniqueness of your solution?*
- Several years of industry experience
- Unique and innovative method of implementation
How does your startup generate revenue?*
By reselling products that are required for solution deployment of Industry 4.0 and the services that we shall provide on top of the products.