‘UAE Manufacturing and Industry 4.0 & Summit’ provided organizations an opportunity to discover how to boost productivity and efficiency, and support UAE’s industrial strategy
Infor, the industry cloud company, stressed the importance of cloud-based, industry specific ERP solutions for organizations in the UAE to tap exceptional growth opportunities and support the UAE’s industrial strategy, at the recently concluded UAE Manufacturing and Industry 4.0 & Summit in mid-June 2022
The summit, where Infor is the lead sponsor, brought together governmental regulators, large-scale manufacturers, international industry-leaders, and innovative technology and solution providers, to discuss the sector’s future growth.
Industry 4.0 is one of the main pillars of the UAE’s ‘Operation 300bn’ strategy, which aims to accelerate the digital transformation (DX) of the industrial sector and increase its contribution to gross domestic product (GDP) to AED 300bn (US$ 81.7bn) by 2031. In doing so, the UAE’s Ministry of Industry and Advanced Technology intends to empower industrialists, boost productivity, and create thousands of high-skilled jobs.
Effective digital transformation is a key component of Industry 4.0 and is especially important amid the current challenges that companies face, including global economic headwinds of inflation, skills shortages, and supply chain issues emanating from Covid-19 and geopolitical tensions.
Khaled AlShami, Infor’s Vice President for Solutions Consulting in MEA, delivered a presentation about how Industry 4.0 is transforming the way organizations connect with customers, supply chain networks, plant and equipment, and employees to drive growth and raise efficiency.
AlShami examined what companies can expect next from Industry 4.0 and how they can be ready to maximize its potential to turn the current challenges into opportunities.
Pranish Kushare, Infor’s Senior Principal for Solution Consulting, offered insights during a panel discussion about change management for the industrial sector. The panel addressed key concerns including common challenges faced by manufacturers and industrial players, the role process and strategy plays in manufacturers’ efficiency and quality and tackling the financial limitations many organizations face during their transformation.
“Industry 4.0 is more important than ever given the scale of the government’s ambitions, the need for local production, and the immense opportunity open to companies that can seize the moment and commit to digital transformation and continual innovation,” AlShami further commented.
“Moreover, increased competition and challenges including supply chain issues and spiraling costs mean that organizations need to implement industry-specific cloud-based solutions to achieve the full promise of industry 4.0,” he added.
Infor works with various manufacturers in the region including Metito, the leader in sustainable water management and alternative energy solutions. Metito deployed Infor’s ERP to enhance its business processes and help it cater to the region’s fast-growing population and soaring demand for water.
Meanwhile, Supertech Group, a UAE-based diversified conglomerate, has digitally transformed with Infor ERP software for manufacturing, enhancing its ability to meet growing demand for industrial products and discrete manufacturing across sectors.
Infor is a global leader in business cloud software specialized by industry. Infor’s mission-critical enterprise applications and services are designed to deliver sustainable operational advantages with security and faster time to value, a press statement concluded.