Q: What’s your outlook for the Sri Lankan manufacturing industry over the next few years?

Pavani Subasinghe (PS): The outlook for the Sri Lankan manufacturing industry depends on factors such as global trends, government initiatives and policies, regional trade agreements, and political and economic stability.

As the Sri Lankan economy is posed to contract further this year, there is great dependency on the manufacturing industry growth and performance.

However, it will continue to face massive challenges including labour issues, bureaucratic red tape and competition from other low-cost manufacturing nations.

Q: And what is your assessment of Sri Lanka’s readiness in terms of tech adoption? 

PS: Sri Lanka has made significant progress in terms of tech adoption. The country has seen a growing number of tech startups, an increase in internet penetration and a governmental push for digital transformation.

However, there are still challenges to overcome such as the digital divide between urban and rural areas, and the need for further investment in infrastructure and digital skills training.

Sri Lankan industries also have a long way to go in the adoption of technology and automation, as we are still a very labour-intensive and dependent economy.

Collaboration between the government, private sector and academia is crucial for driving tech adoption.

Q: In your view, what part can technology play in uplifting and growing the manufacturing industry in Sri Lanka?

Roshan De Silva (RDS): Technology can play a significant role in uplifting and growing the manufacturing industry in Sri Lanka by improving efficiency, productivity, the reduction of waste and the quality of products.

Additionally, technology can enable manufacturers to access new markets, reach customers more effectively and improve supply chain management.

Technology has also helped with getting closer to the customer by understanding customer trends, which automatically translates to actionable insights on the production floor.

Q: Could you provide an overview of Industry 4.0 and its fundamental principles, as well as its impact on the manufacturing industry?

RDS: Industry 4.0 refers to the integration of advanced technologies such as AI, robotics, IoT and big data analytics in the manufacturing industry. And it has revolutionised traditional manufacturing processes, leading to increased efficiency, productivity and cost effectiveness.

With the implementation of smart factories and automation, manufacturers can optimise their operations, reduce downtime and improve quality control.

Q: Can you explain the idea of a ‘smart factory’?

RDS: Smart factories are central to realising the Industry 4.0 vision whereby factories are transformed into highly digitalised shop floors that continuously collect and share data through connected machines, devices and production systems.

In an era where ‘data is the new oil,’ technology aids manufacturers in effectively collecting and analysing data in real time. This offers a competitive edge by streamlining operations, leading to enhanced efficiency, reduced waste and optimal resource allocation.

Smart factories can adapt swiftly to changing demands, cutting costs and elevating product quality.

Q: What are the key technologies and methods associated with Industry 4.0, and how are they integrated into manufacturing processes?

Dasun Kariyawasam (DK): Industry 4.0 refers to the fourth industrial revolution, which involves the integration of advanced technologies into manufacturing processes to create smart factories that are highly automated, connected and flexible.

Industry 4.0 combines technologies including IoT, AI, cloud computing and robotics. This connectivity forms the basis for smart manufacturing where data driven insights inform decision making, ultimately streamlining processes.

Q: What are the environmental and sustainability implications of Industry 4.0 technologies in manufacturing?

DK: Industry 4.0 has a significant impact on environmental sustainability by optimising resource utilisation, reducing waste and enabling eco-friendly practices.

It is in line with the global trend towards responsible and environmentally-friendly production, assisting manufacturers in adhering to environmental regulations and meeting consumer expectations.

Q: How do you envision the future of manufacturing evolving with Industry 4.0? 

DK: The future of manufacturing in the Industry 4.0 era promises even greater automation, highly personalised products and efficient supply chains. This brings potential disruptions to traditional manufacturing models and job roles.

Manufacturers and their workforces need to embrace ongoing learning and adaptability.

Q: What role do data analytics and AI play in optimising production processes and supply chain management in the manufacturing industry under Industry 4.0? 

Mahesh Wijenayaka (MW): Data analytics and AI play a significant role in supply chain optimisation to reduce costs, improve efficiency and enhance customer satisfaction.

Data analytics helps by providing real-time visibility into the entire supply chain, which enables corrective actions such as rerouting shipments or adjusting production schedules to ensure the timely delivery of goods.

Q: How do cybersecurity concerns factor into the adoption of Industry 4.0 technologies in manufacturing and what strategies are in place to mitigate risks?

MW: Many IoT products in the market are vulnerable to attacks as companies ranging from startups to multiple small-scale manufacturers are rushing to get their products to the market.

And sadly, security becomes the last thing that is discussed in most smart factories or Industry 4.0 deployment initiatives. Manufacturers must invest in robust cybersecurity measures, encompassing practices such as network security, encryption and employee training.

These actions are essential for safeguarding against data breaches and ensuring the uninterrupted operation of critical manufacturing systems.

– Compiled by Yamini Sequeira

The future of manufacturing in the Industry 4.0 era promises even greater automation, highly personalised products and efficient supply chains

Telephone: 7484000  |  Email: info@mitesp.com  |  Website: www.mitesp.com