Industry 4.0 has been a trending topic in recent months. Many people may dismiss it as a marketing gimmick, but it is not
Interconnectivity, automation, machine learning, and real-time data are all part of Industry 4.0, a new phase in the Industrial Revolution. Industry 4.0, also known as IIoT or smart manufacturing, combines physical production and operations with smart digital technologies, machine learning, and big data to develop a more holistic approach to manufacturing and better connected ecosystem for companies that focus on manufacturing and supply chain management
For years, the industrial industry's strategy has emphasized efficiency and lean manufacturing. Being lean alone is no longer enough
With the help of interconnection via the Internet of Things (IoT), access to real-time data, and the introduction of cyber-physical systems, Industry 4.0 pushes the emphasis on digital technology from recent decades to a whole new level.
Industry 4.0 takes a more holistic, interconnected, and comprehensive approach to manufacturing. It bridges the gap between the physical and digital worlds, allowing for improved cooperation and access across departments, partners, vendors, products, and people. Industry 4.0 enables business leaders to have a deeper understanding of and control over every element of their operations, as well as to use real-time data to improve productivity, streamline procedures, and accelerate growth
Businesses believe they are open to change, but lag in technology
Many of the small to medium-sized businesses are "racing to stand still" and don't have the time to step back and try something new. There is also a fair amount of fear about employing modern technology!
“With embedded sensors in nearly all product components and manufacturing equipment, prevalent cyber physical systems, and analysis of all relevant data, the manufacturing industry is being digitized empowering next generation business”.
Digitization aids in the assurance of product quality and safety, as well as faster service delivery, which goes a long way with customers. Manufacturing firms who take a chance and become early adopters of new technology will be rewarded for their foresight.
Our focus is helping our clients build “factories of the future”—fully digital plants that deploy Industry 4.0 technologies and digital supply chain to achieve results that are sustainable, consistent, and scalable. Revolutionize your business with us!