“Industry 4.0 will be the Next Economic growth engine. Though fourth industrial revolution is showing positive returns and new opportunities for growth, the adoption of technology in production still remains slow across industries and regions: given the fact that automation technology can currently automate 60% of all manufacturing tasks, globally only 29% of industrial companies have started to roll out new technological solutions across their production processes; 41% are still piloting solutions, and the remaining 30% have yet to initiate necessary changes for adaptation. As of today, only 15% of assets are connected in production, but that is changing rapidly. The full potential of artificial intelligence in production is however, yet to be realised; only a small fraction of data is currently used for decision-making,” observed Vinod Surana, International Lawyer CEO and Managing Partner, Surana and Surana International Attorneys.

Pradeep Kumar Aggarwal, President, National Institution for Quality & Reliability (NIQR), said “Ours is a premier institution working for the cause of promoting quality in Indian industry and institution for over three decades.” 

K Manikandan, Convention Chairman, said “We had so far sensitised 11500 minds on Industry 4.0 through 41 programmes in the last one year. Tamil Nadu is a culturally and industrially well-developed state contributing substantially to the nation’s growth. Chennai is among leading cities of the country that quickly embrace changes and ignite growth. We are happy that the city hosted our 16th Global Quality Convention and provided a platform to sensitise the stakeholders on digital quality.” 

Themed ‘Digital Quality for Disruptive Future,’ the 16th NIQR Global Quality Convention enabled the participants/delegates to understand, assimilate and prepare themselves for Smart Businesses & Industries with the advent of Industry 4.0 revolution and rapidly evolving disruptive technologies in the rapidly changing technological world.