What is Industry 4.0 and why is it important?
Industry 4.0 is the new phase in the Manufacturing and Industrial Revolution that focuses on connectivity, automation, machine learning, and real-time data analytics. This new industry offers a more comprehensive, interlinked and holistic approach in manufacturing. Industry 4.0 interlinked both physical and digital sector of manufacturing that allows better collaboration across different department from the warehouse to the consumer. This empowers businesses to have better control of their operations and leverage real-time data to boost productivity, efficient processes and drive growth.
Before digging deeper into Industry 4.0, it is important to understand this industrial revolution. Here's a recap:
Source: Trend Micro
While many organizations are still skeptical about the impact of Industry 4.0, a few are already adapting to this change. Here's how they take advantage of this evolution:
1. Increase Opportunities:
With the use of automation of real-time data and artificial
intelligence, manufacturers can optimize their operations quickly
and efficiently by knowing what needs attention. These insights
would be impossible for a human to do manually in a reasonable
2. Increase in Profitability:
Industry 4.0 provides seamless integration of pre-production,
production, and post-production data that leads to efficient
operations which are predicted to give rise to new revenue
3. Internet Of Things (IoT) and Cloud:
One of the key components of Industry 4.0 is the Internet Of Things
or known as IoT, which is the interconnection of devices. With the
use of the IoT and cloud, devices and operations can be optimized
and provide transparency across different sectors such as
manufacturing, distribution, and retail. These allow manufacturers to
make a more informed decision confidently and instantaneously.
4. Optimize Logistics and Supply Chain:
Industry 4.0 gives an interconnection between different departments
and trace-ability in the supply chain. With a transparent and
connected system, delays can be easily monitored and proactively
adjust the process.
For many businesses, Industry 4.0 is a massive change in their operations. And change equals risk that cost millions. However, change is inevitable and the implementation of Industry 4.0 is already happening among many industries. If you don't prepare for this, you will be quickly left behind. Start leveraging this technology today and provide smart solutions to your consumers.
Source: Trend Micro. Forbes