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InCorp Singapore Business Podcasts
Trailer for Ep2 - Industry 4.0 Advanced Manufacturing
Trailer for InCorp S2 Podcast Episode 2 by Alpesh Patel, Partner from McKinsey & Company, highlighting on overcoming the pitfalls of Industry 4.0 manufacturing businesses in Southeast Asia !
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McKinsey's Alpesh 0:00
We are seeing companies continuously struggling to scale Industry 4.0. We call this the "pilot trap". So companies get into buying a solution, testing it, they see some improvement and then when they scale, they basically fail to scale it…
What are the reasons for this pilot trap, a couple fold. The first one is, if industry 4.0 is taken as an IT exercise, bottom up, that doesn't work. Industry 4.0 needs to come from the top, because it is not an IT exercise…
The second big pitfall is, companies taking it as a technology exercise –“I'm going with a solution, and I'm trying to find a problem to apply my solution” and that pitfall is very common because what sometimes happens is companies go to vendors without knowing what they need.