Guest Lecture on Industry Era 4.0

A Paradigm Shift in Smart Automation and Effective Cost Management by Mr Naveen Rajendran, Founder & Managing Director, MAKDY TECHCORP, Chennai on April 24, 2024.

Mr. Rajendran provided profound insights into the transformative changes brought by Industry 4.0 and the emerging trends shaping Industry 4.0. He unveiled Makdy Techcorp’s strategic initiative towards supporting Micro, Small, and Medium Enterprises (MSMEs) and advancing the development of Industry 5.0. He underscored the importance of this strategic pivot in fostering inclusivity and empowerment within the business ecosystem, enabling MSMEs to harness advanced technologies and drive sustainable growth. Mr. Rajendran also delved into the distinctions between Industry 4.0 and Industry 5.0, emphasizing the transition from automation-driven processes to a human-centric approach fostering collaboration between humans and machines. He highlighted the pivotal role of Industry 5.0 in driving innovation, efficiency, and competitiveness in the digital era. Additionally, Mr. Rajendran discussed the practical implications of integrating machine vision technology into the manufacturing industry. He elaborated on how machine vision systems enhance quality control, inspection, and monitoring processes, resulting in improved product quality, increased productivity, and reduced operational costs. The lecture concluded with a dynamic Q&A session, where attendees engaged with Mr. Rajendran on various topics, including the strategic implications of Industry 4.0 and 5.0, the benefits of subscription-based models for MSMEs, and the practical applications of machine vision technology in manufacturing. In summary, the lecture provided attendees with a comprehensive understanding of Makdy Techcorp’s strategic initiatives, the evolution from Industry 4.0 to Industry 5.0. Prof. Venkatesh Ramasamy, Professor of Practice, KCT business school coordinated the programme for MBA Project Management students.