In the last five years, more than 70% of businesses have embarked on an automation journey without clear strategies and witnessed significant challenges. According to the Research Gate, India is the world’s largest sourcing destination, accounting for approximately 55% of a $146 billion market share. India’s most cost-competitiveness in providing IT services using advanced technologies, which is approximately 3-4 times cheaper than the US, is also Unique Selling Proposition(USP) in the global market. Indian Tech Giants like Tata Technologies and Infosys today move to automation and strategically apply technologies like Robotic Automation Process(RPA) to craft their success in India and the global market.
As per the report of Mordor Intelligence, the size of the Indian industrial automation market is expected to grow from $13.23 billion to $25.76 billion during 2023-2028. During this forecasted period, the country is expected to maintain a CAGR of 14.26% and focus on industrial automation, including control systems like robots and AI-based models.
However, among all the technologies to automate industrial applications, the Internet of Things (IoT) and Industry 4.0 will be at the centre of the evolution of production and management of the logistic chain, known as smart factory automation.
Table of Contents
Navigating Industrial Automation Roadmap
As different-size enterprises focus on transforming their dynamic and customer-centric processes, industrial automation becomes more significant for crafting success that meets business demand and ensures security. According to McKinsey & Company, the organisation’s automated systems will account for approximately 25% of the total capital spending in the next five years.
In McKinsey’s survey on Robotics and Automation, it was also found that the biggest spenders on automation in the future will be retail and consumer goods companies. As billions of dollars are expected to outlay for automation in the coming years, it is also vital for the top executives of companies to have the proper industrial roadmap for crafting success stories.
An automation roadmap is the blueprint for any organisation’s digital transformation journey. It outlines the path and every detail a particular business needs to achieve its long-term goal using advanced technologies.
Planning And Relocate Resources
A robust industrial automation roadmap starts with clearly understanding the business objectives. Having defined organisation goals and availability of the required resources is essential for a clear roadmap. Since automation isn’t a one-size-fits-all solution, well-planned resources, including automation tools on budget, can bring high ROI and boost the success of an organisation.
Leverage Team Potential
An automation roadmap is not solely about technology but also about efficiently leveraging human resources. The tech executives are responsible for carefully analysing the team’s potential and planning the implementation of the automation roadmap to avoid downtime for their teams.
Strategic Partnership With Vendor
Identifying the right vendor for getting the required software licences is crucial for industrial automation. A well-crafted roadmap also includes the best partners and tools that meet the organisation’s specific needs. So, management needs to build a strategic partnership with vendors.
Management & Leadership Support
Any significant organisational transformation needs seamless support from management and top leaders. Whether it’s automation or any other technologies, the role of top-level management, including technological officers and executives, becomes crucial to understanding progress, challenges, and expected outcomes.
Crafting a successful roadmap for automation requires a knack for knowledge about the organisation’s goals, team potential, and the role of top management. As India has witnessed a monumental shift in how businesses operate and leverage automation on a large scale, businesses need a clear roadmap to define their success.
In addition, it is also crucial for the organisation’s leaders to assess the ins and outs and work towards strategic implementation of the automation roadmap. It also adheres to industrial principles and harnesses the potential of the team to craft automation strategies that reduce downtime and unlock the efficiency of models like Robotic Process Automation.
