S. N.

Key Strategic / KPI Needs

1 NPD cycle time is 78 days against industry target of
60 days.

2 Energy consumption is showing increase trend

from XX to YY.

5
Potential Industry 4.0 Projects
Deploy simulation and modelling to reduce design TAT and rework

IIoT to reduce energy from XXX /unit to YYY/unit.

S. N. Industry 4.0 Projects Annual Saving Million INR
1 Reduce NPD cycle time through simulation/ 76
modelling to 30 days from 78 days to get
additional revenue.

2 Reduce Energy consumption from 68 KWhr/ MT to 34

60 KWHr/ MT in heat treatment through IIoT and
ML.

5
Cost Million INR ROI (%) Key Assumptions
56 136

146 23
 Industry 4.0 Project Name:

Budget/
S. N. Detailed Activities Responsibility Dependency
Effort Hrs.
1

5
Start Date End Date Any Special Requirements
 Industry 4.0 Project Name: Develop Online AI based Calculator to estimate precisely
S. N. Risk Description Risk Impact (1 Risk Probability (
to 5) 1 to 5)
1 Non- compatibility of Pyrometer and Spectrograph 5 4
for real time integration.
ulator to estimate precisely amount of degassing or alloying element additions.
Risk Score Mitigation Plan Responsibility Target Date

20 Provision for new digital Engg. Dept. XXX

model in case
enhacement to existing
models are possible.