What is the Smart Industry Readiness Index (SIRI)?
The Smart Industry Readiness Index (SIRI) was created by the Singapore Economic Development Board (EDB) in partnership with a network of leading technology companies, consultancy firms, and industry and academic experts. It is supported by the World Economic Forum (WEF) as a global initiative to help companies decide how and where to apply Industry 4.0 to maximise benefits. SIRI comprises of a suite of frameworks and tools to help manufacturers regardless of size and industry to start, scale, and sustain their manufacturing transformation journeys.
IMR has the first 3 Certified SIRI Assessors (CSA) in Ireland. CSAs have the requisite knowledge and skills, beyond a simplistic understanding of the SIRI framework and tools, to credibly conduct an Official SIRI Assessment.
Why is the Smart Industry Readiness Index Important?
Designed to support manufacturers throughout their transformation journey and enabling them to realise their potential, the goal of SIRI is to help companies identify focus areas of transformation that will generate the greatest value to companies.
SIRI examines the three core areas of Industry 4.0: Process, Technology, and Organisation. It aims to equip companies with practical knowledge:
- What Industry 4.0 is and the tangible benefits it could yield.
- The Maturity levels of their organisations and facilities.
- How they can improve in a targeted and incremental manner.
SIRI then utilises frameworks such as the TIER framework below that analyses the results of a maturity assessment and then combines this with other information to ensure that the focus areas identified will be the most impactful. This means aligning your improvement roadmap plans to your company costs and revenue figures and your key KPIs for maximum.
