Why Industry 4.0 is important?

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

time frame.

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

opportunities.

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