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Interview Responding in a most productive way

Jan 1, 2016

“The manufacturing industry is, for the most part, ripe for transformation. Our world is becoming ever more connected. Billions of intelligent devices and machines generate massive amounts of data, creating a bridge between real and virtual worlds. Turning these vast amounts of data into value is a key success factor.” Andreas Fritz, President, Seco Tools Asia Pacific

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What is the impact of the ‘Make in India’ initiative on the Indian manufacturing sector? What are the major changes witnessed last year?

Announcing several steps to improve the business environment by easing processes to do business in the country, the government in the last one year has attracted several worthy investment proposals.

Brief us on the major trends in the upcoming years, in terms of technology development, advaced manufacturing technology adoption, product lifecycle, collaborative manufacturing, etc.

The manufacturing industry is, for the most part, ripe for transformation. The major change that the manufacturing industry is coming into contact is the Internet of Things (IoT), driving the fourth industrial revolution.

How do you plan to align your company’s Vision 2020 strategy with these trends?

To get the most out of Industry 4.0 technologies, and to get past square one with a digital business model, Seco Tools is well prepared for this digital transformation.

What would be your recommendations on achieving manufacturing excellence and sustaining the growth momentum in today’s uncertain market conditions?

Manufacturing industries have been witnessing tough business environments. The world is changing very fast, which needs to be responded in a most productive way and at the speed of light.

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