Explore solutions by selecting your industry
- Real Estate
- Retail
- Semiconductors
- Technology, Media & Telecommunications
- Travel, Logistics & Infrastructure
Industries
❮
- Advanced Electronics
- Aerospace & Defense
- Agriculture
- Chemicals
- Consumer Packaged Goods
- Electronic Power & Natural Gas
- Engineering, Construction & Building Materials
- Financial Services
- Metals & Mining
- Oil & Gas
- Paper, Forest Products & Packaging
- Pharmaceuticals & Medical Products
- Private Equity & Principal Investor
- Public & Social Sector
- Real Estate
- Retail
- Semiconductoros
- Technology, Media & Telecommunications
- Travel, Logistics & Infrastructure
What it is
The Smart Industry Readiness Index (SIRI) is the official Industry 4.0 readiness index endorsed by the World Economic Forum to help manufacturers start, scale and sustain I4.0 transformation journey
To learn more, access the official SIRI website at:
https://www.siri.gov.sg/
SIRI assessments provide a unique benchmark of Industry 4.0 maturity across a range of sectors
3 building blocks to ensure a comprehensive evaluation
Process
Assessing company processes with the target of converging into a single unified system
Technology
Assessing company technology based on necessary requirements for Industry 4.0
Organization
Assessing company’s organization and strategy to measure its readiness for Industry 4.0
How it works
SIRI is composed of 4 key activities to provide companies with an evaluation of their current digital maturity
1
Preparation
- SIRI data request on cost categories
- Basic company information and processes
2
Baseline Assessment
- Introduction to Industry 4.0
- Factory/ Plant tour and assessment
- SIRI baseline assessment through interactive facilitated discussion
3
SIRI Model: Future State Prioritization
- Review current state digital maturity vs. SIRI industry specific benchmark data
- Future state prioritization identifying key digital enablers
- Next steps; articulation of potential priority initiatives
- Introduction to Tier framework and prioritization matrix
4
Official SIRI report consisting of
- Current state maturity across 16 dimensions
- Benchmark against manufacturing sector and industry peer
- Future state prioritization
What the output looks like
Output from the report will cover 3 main areas
Assessment Scorecard
Identifies current state, future state, industry benchmarks and focus areas
Future state is determined by considering company P/L data and best practices
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Business Objective Prioritization
Company’s KPIs are ranked based on both on the input of the key personnel and the SIRI assessment
KPI rankings are compared and focus business objectives are defined
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SIRI Prioritization Results
Prioritized Industry 4.0 dimensions based on assessment output, company’s strategic objectives and ranked company KPIs
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Industry 4.0 (I4.0) can help companies achieve
2X
growth
2X
Manufacturing volumes with half the people
5-10%
Material cost savings
30%
Reduced inventory while improving customer service
70%
Back-office automation
30%
Reduced product development time while maintaining quality
Here are some case examples
A food packing manufacturer leveraged SIRI during an Operations diagnostic
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A Maintenance Repair and Operations client used SIRI to evaluate its current digital transformation roadmap and identify new areas of opportunity
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An automotive supplier company used SIRI to form a baseline for digital transformation and use it to support a cross functional visioning workshop
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A food manufacturing company leveraged SIRI to develop their digital operations transformation roadmap
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By working with us, you will have access to
Experts
Our industry and functional experts will be on the ground where and when you need them.
Helpdesk
Our helpdesk will keep doors open and commit to addressing your concerns efficiently and effectively.
Training
We offer coaching and build capabilities for your teams to deliver sustained improvements.
Implementation
We partner with you and co-create a firm path to implementation as part of the project.