| | JUNE 20189in it and opens the door for you and at another instance another driver from another company can-cels your ride without prior intima-tion. Most likely, for obvious rea-sons you would prefer the former as an ideal choice. These choices are solely dependent on the service one gets. Today, our needs of be-ing served better have made their way into offices & industries mak-ing services as the differentiating factor. Services in engineering are thus playing a major role in indus-trial & digital transformation. Implementation of Special-ized Skills for Project BuildingAdopting new technologies needs new skillsets. We all in our daily lives have undergone digital trans-formation in some form a cou-ple of years ago, when we moved from older generations phones to smart phones and we needed some amount of adjustment, skilling and learning. At this point, un-learning played a vital role. Simi-larly, such scenarios are evident in industries. It is very important for an individual, as well as a collec-tive organization to unlearn before we move into such transforma-tions. As it would act as a major de-terrent in learning & adopting new technologies and adjusting in the new environment. However, it is also critical to note that at no point are jobs at risk; industry has to in-vest in reskilling of work force in order to benefit from the multiple industrial reforms & technology innovations. It is important to note that the workforce too is interest-ed to learn new technologies and become smart. In addition, such activities of reskilling will not hap-pen at training centers, universi-ties or institutions, and have to be taken-up seriously by industries & manufacturing units. With new technologies, users face new challenges related to se-curity, maintenance, shop-floor con-nectivity and many more. The lack of adequate skills & education acts as a major deterrent to adopt new technologies. Workplace education programs can help current employ-ees of manufacturers gain knowl-edge and equip them for technolo-gy changes. On the other hand, for manufacturers, labor and produc-tivity are equally important. Consid-ering the current trends and future challenges, few manufacturers have already started investing in train-ing and skill development centers. These centers allow their employ-ees to try complex concepts in in-dustrial processes. However, the gap between adoptions of fast evolving technologies and skilling is huge, and is continuously expanding.Effective Equipments & System Design Plans: An Adequacy to Project DeliveryToday, operational costs are contin-uously increasing and factories aim to reduce such expense. System en-gineering is playing a vital role in helping factories by providing effi-cient machines with next-gen tech-nologies. However, in India most factories are operating for over de-cades with legacy systems and fac-tories are working hard to optimize production at the same time in-creasing efficiency. Thus, factories are focusing on overall equipment effectiveness (OEE) to monitor ef-ficiency of machines on the shop floor. This helps them to monitor not only energy, condition of ma-chines, but also to monitor losses. Many factories manufacture de-sired products but are not aware of the exact expense incurred, raw ma-terial used and wasted while man-ufacturing this product. They only get an overall view of wastage and energy, and then this data is used to calculate the costs. Overall equip-ment effectiveness helps the facto-ries to find the availability, quality & productivity of machines and make the shop floors more efficient. This helps them for achieving higher margins and become more profit-able. Factories are aware that even a small increase in OEE could results in large savings. The Paradigm Shift: From Latest Business Models to Vigorous R&DMost successful organizations across the globe owe their success to innovations & technologies. Mar-ket leaders in any field have always trusted on innovations and a high investment in R&D. Technologies keep evolving and today the influx of new technologies is very high. In some industries before the arrival of a new technology, there are al-ready others in pipeline rearing to hit the market. A simple example is of Ethernet. It took decades for a speed of 10Mbps to reach 100Mbps and another couple to reach 1Gbps. But then suddenly when 1Gbps hit the market there was already news of 10Gbps chips and speeds being researched-on and within no time, even 40Gbps were available in the market. Thus, we are seeing a par-adigm shift from adoptions of new technologies to innovating new technologies. Organizations do not wish to be a `me too' company or having a `me too' product, whereas they wish to be technology leaders & innovators. They are investing heavily in R&D activities. Even Indi-an organizations are no longer will-ing to just explore & adopt technol-ogies coming in from the western countries and are on steady course to innovate and bring next-genera-tion products and technologies driv-ing the market.
< Page 8
| Page 10