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Advantage of using the SIRI Framework
Benchmarking
Measure against the global best-in-class in your industry sector. Find the gaps that make a difference between your company and the global leader. This is the secret to successful transformation.
Prioritizing Actions
Prioritize key actions and resources against your planning horizon. This ensures the transformation effort is sustainable and manageable.
With a clear road map of actions, you can track the progress of transformation and adjust to suit changing business environments.
Clear Road Map
4-Step Industry 4.0 Journey With SIRI
Assessment
1
Your industry 4.0 journey begins with a maturity assessment of 3 core areas:
1. Organization: The focus is on the people structure to manage and sustain the smart factory transformation. Digitalization competencies are assessed along with the awareness to adapt to new technologies.
2. Process: The focus is on the interaction efficiency with your internal processes, customers, and suppliers. Mature processes are characterized by seamless verticle (internal) and horizontal (customers/suppliers) integration of work processes.
3. Technology: The focus is on the extent of secure data connectivity to support automation in enterprise processes. The use of predictive analytics and machine learning is key to the smart factory.
2
Your SIRI maturity scores are then compared with global best-in-class performers in your industry sector.
Visualizing the gaps between your organization and best in class will help target critical areas for improvement. The transformation will come in giant leaps.
Benchmarking
Prioritization
3
This step is where all enterprises benefit most. The prioritization matrix will identify the right industry 4.0 core areas to work on.
The matrix is a 4-quadrant correlation of:
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Your SIRI maturity scores.
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The effort needed to be the best in class.
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Your current operating cost profile.
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Urgent key performance indicators that require attention.
Past and present SIRI assessment applicants can attest that they have significantly improved productivity, flexibility, speed, and quality by working on the prioritized areas.
4
Although the SIRI framework stops at the prioritization matrix, we offer the option to take the extra step to plan and chart a road map of action.
The road map is essential to track your execution progress. It is recommended to re-assess your SIRI maturity scores annually to help you stay focused and refresh your road map to adapt to changing business environment.
Road Mapping
Eligible Industries for SIRI Assessment
To date, the SIRI framework covers 14 industry sectors. Click on the icons below to find out if your organization's business scope covers each sector's activities.
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Industry 4.0 transformation is no small undertaking. The first step is to conduct a baseline assessment to understand the existing gaps and prioritize improvements to navigate the challenges. As a partner of The International Centre for Industrial Transformation, our Industry 4.0 readiness assessment aligns with the Smart Industry Readiness Index (SIRI) Assessment framework. The assessment is not an audit but is conducted in a workshop format with your key personnel. Our SIRI assessors will guide your team through the framework and align your responses accordingly.
The outcome of the assessment is a report detailing your organization's Industry 4.0 maturity against your industry peers as well as best-in-class enterprises. Gaps for improvement are identified. The report also identifies high-impact prioritization areas to focus on in your transformation planning. In the debrief stage, your appointed SIRI assessor will explain the scoring rationale and the findings from the report. At this point, your team could benefit most from our expertise in digitalization.
How We Can Help...
... In 4 Steps
1
Planning
Please sign-up at the RFQ page. With the information, we can give a cost estimate. Upon your approval, we will plan a timetable of assessment areas. Your role is to inform your team members of their involvement on the scheduled day.
Industry 4.0 Readiness Asessment
The Industrial Revolution
The industrial revolution began in the 1800s. Industry 2.0 heralded electrification to drive mass production, employing thousands in the workforce. By the late 1900s, labor cost and labor relations became an issue hindering growth and profitability. Businesses had to rely on automation to augment rising labor costs and aging workers, signaling the start of Industry 3.0.
By the early 2000s, with the advent of internet technology, machines embedded with sensors and connected by Industrial Internet of Things (IIoT) technology provided the link between big data and machine intelligence to adapt and drive automation. Today, we have arrived at a connected world where physical and cyber systems converge.
However, the pace of technology adoption in the world remains uneven. You will be surprised that underdeveloped nations still depend on steam or water-powered machines since electricity supply is not widespread. Industry 2.0 and 3.0 remain the dominant format from developing to mature economies due to existing challenges moving towards Industry 4.0.
Industry 4.0-Why It Matters
CHEAPER!!
FASTER!!
BETTER!!
Today’s customer preferences move at hyperspeed, demanding products and services to be Cheaper, Faster, and Better. Businesses that can rise to this challenge wins.
But how do we achieve it?
For the first time, Industry 4.0 solutions use big data streamed from intelligent products and customer touchpoints to build a digital twin of itself for simulation. No longer will you need to invest in costly prototypes to make them better. Time to market is Faster.
Supply chains and development teams are interconnected to optimize materials, production, and processes. No more inventory build-up. No more working capital lock-ups. Buy what you need and when you need it. Production and operational costs go down. You can sell it Cheaper.
Operations are automated, driven by machine learning to adapt to changing conditions. Robotic Process Automation (RPA) frees time and improves workers' productivity. Products and services are delivered in predictable patterns: Better products and services, Satisfied Customers.
Now, do you see why adopting Industry 4.0 matters?
Success Factors Towards Smart Factory
Clear Strategy
Industry 4.0 is a long-term evolution. Without a clear strategy, you will be stuck in piecemeal pilot projects forever without seeing a total transformation.
About SIRI
The Smart Industry Readiness Index (SIRI) was developed in 2017 by the Singapore Economic Development Board and Industry partners to benchmark the maturity of enterprises in 3 core areas of Industry 4.0, namely, Organization, Technology, and Process.
In 2020, The International Centre for Industrial Transformation (INCIT), a non-profit organization in the World Economic Forum, brought SIRI to the global stage. Today SIRI is used in 34+ countries, with over 10,000 organizations having completed and benefited from SIRI assessments to transform their enterprises into smart factories.
Registration is now open for the free SIRI Assessment. Save a spot before it's gone.
Want to know where you stand in the industry 4.0 transformation?
