From IoT to IIoT to Industry 4.0: The Evolution of the Industrial Sector

This year on 18th Jan'2018 we would like to celebrate "IoT to IIoT to Industry 4.0: The Evolution of the Industrial Sector" at MSME DI Campus in association with various SMEs. Those enterprises, which generally registered as MSME, are the backbone of most economies worldwide and play a key role in developing countries. 

Objectives

• Raise public awareness about the importance of IoT for MSMEs 

• Advocate for and provide increased support to MSMEs.

Key facts

• MSMEs make up over 90% of the world’s economy.

• MSMEs account for more than 70% of all jobs worldwide.

• There are 500 million MSMEs in the world today.

Key messages

• MSMEs are major job providers and catalysts for growth.

• MSMEs are a critical force in realizing the Sustainable Development Goals (SDGs).

• MSMEs promote innovation, creativity and decent work for all.

The ‘ask’

• MSMEs require access to capacity building and financial services to reach their full potential.

• Informal MSMEs are encouraged to join the formal (official) economy.

• MSMEs are encouraged to participate and grow in international, regional and national markets.

• MSMEs are encouraged to adopt sustainable and responsible business practices.

Challenges

• International competition from larger businesses can stifle MSMEs’ growth.

• MSMEs tend to not benefit from the economies of scale, political leverage or ease of access to capital that large firms profit from.

• Standards and regulations can be difficult to meet and respect for MSMEs.

How to mark the Day

• Internet of Things

• Industry Internet of Things

• IoT to IIoT Difference

• Industry 4.0

• Use cases for IIoT and Industry 4.0

Confederation of Indian Micro, Small and Medium Enterprises is going to celebrate The Day along with it’s local industrial association and government departments.