Muscat: Oman’s manufacturing sector is in the midst of a major transformation. New technologies, like artificial intelligence, big data, the Internet of Things and robotics are ushering in a fourth industrial revolution (Industry 4.0). A revolution that is all about smart factories, flexible supply chains and seamless distribution models.
Considered by many to be the biggest shift to hit Omani manufacturing since automation, Industry 4.0 is the topic of discussion for the first Inside Stories session of 2019, scheduled to be held 7:30pm, Tuesday 26 February at the Public Authority for Civil Aviation Training Centre in Al Hail North.
“What we do know is that some of Oman’s biggest players in the manufacturing sector are already making changes and putting money into embracing Industry 4.0,” explained Mrs. Sajda Al Ghaithy, Ithraa’s Acting Director General for Marketing & Media and organizer of the popular quarterly Inside Stories initiative.
Moderated by HH Sayyid Dr. Adham Al Said, Founder & CEO, The Firm, panelists for the 26 February event include: Hilal Al Busaidi, CEO, Gulf Energy; S. Gopalan, CEO, Reem Batteries; Dr. Abdullah Al Mahruki, CEO, The Industrial Innovation Centre; and Dr. Nadiya Al Saady, Executive Director, Oman Animal, Plant & Genetic Resources Centre.
Many in Oman’s manufacturing sector agree that in order to stay sustainable, local businesses must rapidly adapt to the new Industry 4.0 business paradigm, assessing its risks and predicting its likely effect on jobs, skills, recruitment, training, products, investment and exports.
“Industry 4.0 technologies enable local manufacturers to track in real time capital assets, processes, resources and products,” Al Ghaithy said, adding: “This gives firms full visibility, which streamlines business processes and optimizes supply and demand. When implemented correctly, local manufacturers will be equipped with more and better information, automated processes and the ability to intervene on a predictive or preventive basis to avoid downtime or any other issues that might impact production output.”
“However, from our meetings with local businesses, we’ve discovered that many Omani manufacturers aren’t sure where to get started with Industry 4.0. There’s clearly an urgency to do something, but companies aren’t sure what that something is,” commented Al Ghaithy.
If Omani manufacturers are to compete at the global level, technological advances will have to be embraced. Indeed, many experts expect new technologies to reduce the amount of time and effort Omani SMEs spend on paperwork, supervision and manual operations, leaving them in a position to concentrate on running production and controlling the supply chain. As a result, productivity levels will rise as will profits and revenue. Boosting productivity will allow Omani firms to take on higher work levels, secure more contracts and expand – creating more sustainable jobs.
“It’s these new efficiencies that will ensure the long-term survival of local SME manufacturers, but if they stand still for too long, they will be overtaken by businesses who have committed to the change and evolved to the next level. Frankly, those who are not thinking ahead to what’s next risk falling dangerously behind, or worse, becoming obsolete. Like it or not, Oman’s manufacturing and export landscape is changing. Everything changes; it always has, and it always will,” said Al Ghaithy.
However, Industry 4.0 is not just about disrupting old manufacturing and export models but also about creating exciting, new career opportunities for Omani millennials – at a time when local manufacturing has never been more exciting and dynamic, though the public believes the opposite. A frequently cited 2016 Kronos survey found that only 37% of respondents would encourage their children to pursue a career in manufacturing due to a perceived lack of high-pay jobs and advancement opportunities.
“In reality, Industry 4.0 is transforming Omani manufacturing and the sector is gaining higher-paying jobs with exciting career opportunities, a message we will be delivering at Inside Stories,” explained Ithraa’s Acting Director General.
Founded in 1997, Ithraa is a government-run, ISO and Investor in People certified inward investment and export promotion agency. We provide a range of support services and information to help domestic and international investors set up in and export from Oman.
For press enquiries please contact:
Mr. Ali Al Mamari
PO Box 25
Wadi Kabir, 117
Sultanate of Oman
+968 24 62 33 84
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.