Introduction: The fourth industrial revolution, industry 4.0, is the process of connecting every aspect of the manufacturing process. Through several distinct value drivers, factories today integrate different technologies to transform the entire manufacturing.
- How to gain more capabilities, more insights and thereby create more value?
- How to scale up manufacturing?
Challenges : The fourth industrial revolution is here and it’s here to stay. For manufacturers it is no longer an option to transform. In order to unlock future’s growth, it is almost a requirement to start integrating these technologies and define their own strategic path that are most relevant to each organization.Primary challenges for most of the manufacturers are:
– Make your team better
– Access to more/digital data
– Increase in agility
– Faster time to market
– Global Reach
- Decrease in Operations Cost
– Reduce cost of doing business
– Overall equipment effectiveness
– Data driven discipline
– Minimize downtime