Manufacturing Lighthouses Current Affairs - 2020
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The World Economic Forum has recognised Tata Steel’s plant at IJmuiden in the Netherlands as Manufacturing Lighthouse with state-of-the-art production facilities which successfully adopt and integrate the cutting-edge technologies of the future and drive financial and operational impact.
Recognition to Tata Steel
The recognition of the Tata Steel was due to the following factors:
- Acknowledgement of the thriving culture of innovation at Tata Steel and advanced analytics team’s vision and commitment to realise more efficient, productive and responsible steelmaking.
- The pioneering use of advanced analytics to optimise the way raw materials are used, increase the yield at every step of the steelmaking process and further improve logistics between the different processes and the quality of the product for customers.
- The Advanced Analytics Academy gives Tata Steel employees an impetus to find solutions for waste reduction, quality improvement and overall reliability of production processes.
The World Economic Forum organizes a network of leading intelligent production companies as Manufacturing Lighthouses under its ‘Shaping the Future of Production’ initiative to allow the exchange of knowledge and promote collaborations in the area of the ‘Fourth Industrial Revolution’ in production.
These Manufacturing Lighthouses showcases how best a strategy for the Fourth Industrial Revolution be developed by training employees, cooperating with other parties, implementing changes in the workplace and in the value chain through greater efficiency and contribute to reducing the climate footprint of production companies by 50 per cent.
Tags: climate footprint of production • Factory of the Future • Fourth Industrial Revolution • Manufacturing Lighthouses • Shaping the Future of Production' initiative