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WHITEPAPER Skill Development for Industry 4

1. `. WHITEPAPER . Skill Development for Industry BRICS Skill Development Working Group INTRODUCTION. T. he manufacturing Industry is currently witnessing the fourth industrial revolution, better known as Industry where the 'real' and the 'virtual' world are to be seamlessly connected giving rise to what are known as cyber-physical production systems. As a result, the traditional manufacturing processes are undergoing an enormous transformation which will change the way companies approach manufacturing. Industry , which started off as a brainchild of Germany, is being adopted by countries around the world.

Such technologies have also helped companies in reducing lead time for prototype development. As a result, companies are able to speed-up their time to market. For example, Dash CAE, a leading supplier of automotive products, has reduced lead times by 83% for the production of parts and tools.2

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