Industry 4.0 is the new mantra for companies to have a competitive advantage but how can enterprises ensure that they meet these effectively without spending a huge amount of money on Industry 4.0 Implementation? There is a way and that's by using the SIRI assessment.
The SIRI or Smart Industry Readiness Index is a great way to analyze whether your manufacturing company is optimally functioning.
Image courtesy - SIRI
Industry 4.0 relies on a high level of digitalization. While there may be a lack of clear vision, strategy, and a roadmap of how to implement this, there's still a need for change. SIRI acts as a way to address these challenges. The test was created in partnership with a global testing, inspection, and certification company called TÜV SÜD. A panel of industry and academic experts have validated it.
SIRI includes frameworks and tools that help manufacturers of all sizes and industries start, scale, and sustain their Industry 4.0 transformation journey
The SIRI framework consists of three layers.
Advancements in technology have been the cornerstone of industrial revolutions throughout history. It's still a critical part of Industry 4.0s evolution with technologies such as cloud computing, machine learning, and the Internet of Things (IoT) leading the way
Today's landscape is hyperconnected. This has been further divided into automation, connectivity, and intelligence.
This is divided into operations, the product life cycle, and the supply chain. These are essential for technological investments to be channeled into the appropriate streams. As the processes with these become integrated, they converge into a single unified system where information is shared, processed, and integrated.
That's done across the organization’s product management, production, and enterprise layers.
This is the third building block of Industry 4.0. Its first component is the organization’s people which includes the entire workforce. That's from the top management down to the operational teams. The second component is the institutional systems that govern the functioning of the company. These must both be taken into consideration to fully benefit from industry 4.0.
A competent leadership team and labor force will be demotivated by rigid rules, inconsistent practices, and more.
It's also important to have open channels of communication. Many companies adopt an open-door policy so that their employees can benefit from a flat hierarchy. These divisions can be named Talent Readiness and Structure and Management.
This is the world's first self-diagnostic industry tool that helps companies globally regardless of their size and industry. It helps start, scale, and sustain their digital transformation and the tool breaks down each of the 16 SIRI dimensions into 6 progressive bands of maturity
Companies can use this metric to evaluate their digital maturity and set benchmarks for themselves.
The prioritization matrix helps companies manage their high-priority SIRI dimensions. These would deliver the greatest impact on their organization.
This tool was developed with the support of McKinsey and Company, Siemens, and many other global leaders.
Essentially, the SIRI framework provides a system that's been created, tested, and approved by industry experts. These help companies understand where they are lacking and create better processes, with KPIs in place. This is the best way to boost industry initiatives and transform your company holistically, steadily, and efficiently.
At TQMI, we have designed a special workshop to help manufacturing companies understand and rightly adopt Industry 4.0. As a part of this workshop, we look at your organization from the lens of smart manufacturing adoption, identify opportunities to unlock the value in the information already with the organization, and create a systematic and non-invasive roadmap to unlock this value.
This workshop is conducted by a Certified SIRI Assessor and industry veteran with 33+ years of experience working for Manufacturing digitalization in the building and roll-out of Manufacturing IT solutions.
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