Industry 4.0 involves the networking of all instances involved in value creation, as well as the ability to derive the best possible value stream from data in real-time. Industry 4.0 allows for better collection, management of data. The result? A higher-quality product at a lower operating expense.
Time to Think About The Next Stage of Your Industry 4.0 Journey is Now
With Industry 4.0 The focus is therefore on optimizing the development, production, logistics, and service. As time goes on, these advancements won’t just be the next best thing – they’ll become standard operating procedure, so your company must get on board ASAP. If you want to stay ahead of the curve, it’s crucial that you start learning about and implementing these advancements in your own company right away because today’s online buyers won’t settle for manufacturers that are lagging. If you are considering digitization but don’t have a formal strategy and action plan in place, we are here to help. Leverage our domain expertise.
Advantages Manufacturers Stand to Reap from Industry 4.0
Improved Productivity
- Production lines will experience less downtime
- Enhanced machine monitoring
- Automated/semi-automated decision-making
Improved Efficiency
- Less machine downtime
- Ability to make more products and make them faster
Increased Knowledge Sharing And Collaborative Working
- Disseminated knowledge throughout organization
- Business processes, departments to communicate regardless of location, time zone, platform, etc.
Flexibility And Agility
- Easier to scale production up or down
- Easier introduction of new products to the production line
- Newer opportunities for one-off manufacturing runs, high-mix manufacturing
Makes Compliance Easier
- Automate Compliance
- Track and Trace
- Quality inspections
- Serialization
- Data Logging
Reduced Costs
- Better use of resources
- Faster manufacturing
- Less machine and production line downtime
- Fewer quality issues with products
- Less resource, material, and product waste
- Lower overall operating costs
