Deploying Technology is not an easy process. Even though you might theoretically be aware of all the ways deploying a particular technology will add value to your business, there are a lot of challenges that need to be overcome for the transition to take place.
How has Technology helped you transform your business when the working environment across your manufacturing units at multiple locations is different?
Technology has added value to our entire setup. A couple of years back we were only using the core ERP or the basic BI tools. In 2019, we see technologies like Blockchain, RPA, AI, etc. They are proliferating at the shop floor itself. Last year we did a pilot with a leading consulting organization, which was built around creating a digital twin, which was modeling a part of the plant digitally. So that through regression and correlation equations we can actually predict what can go wrong.
In terms of efficiency in operations, we have re-done a Performance Management System, which was earlier completely manual. Now we have automated it completely. Now the filling of appraisal forms and reviews doesn’t take much time. Whereas earlier the compilation itself took months sometimes. With this, our cycle time has gone down and it has increased productivity.
But certainly, from a process standpoint, one, it brings in that degree of control. Second, it brings in a degree of transparency. And most importantly, it also brings a single version of growth across all systems. So that’s something that is important.
What is the level of automation in your company when it comes to operations across the shop floor and what is the human involvement in the shop floor?
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