Industry 4.0, why is it necessary?
Industry 4.0, fourth industrial revolution or smart industry are some of the concepts that define this new era of production and manufacturing. Its objective is to achieve the interconnection of any element that makes a company in order for it to be more competitive, smart, efficient and automatic.
The implementation of technologies such as robotics, analytics, artificial intelligence and the newcomer, IoT (Internet of Things) in business and industrial production processes is what determines the Industry 4.0. The entry of these technologies within organizations must not happen without previously establishing a study with the needs of each organization that wants to take the right step towards digital transformation by digitalizing their production processes.
Why is the industry 4.0 necessary?
Led by the market situation, companies are accelerating their production processes in search for ways and methods to cover demands coming from globalization. This has proven to be a challenge for executives that base their strategies on linear data and communications; they claim to be “overwhelmed” by the immediacy and dynamism this new industrial revolution brings.
The arrival of business intelligence in the business sector has allowed us to recognize the real state of the company immediately, with access to real-time data in order to identify problems and improvements in the different production cycles.
That linear business management has evolved into a continuous flux of information and actions between the digital and the physical world. Companies must assimilate and adapt the changes of this revolution or they will see themselves facing a large market share loss.
The main features are…
The two fundamental axes of the Industry 4.0 are automation and intercommunication.
It is essential to find interconnections between each area during the production process in order to create common points in a digitalized production. This will allow a greater development of all resources in a more efficient and optimized way.
How do these changes affect my company?
The greater impacts focus on three specific points:
- Business ecosystem
This fourth industrial revolution might mean a change for companies’ production processes, but it also affects any element that shapes the business ecosystem (clients, suppliers, investors, etc.) The implementation of these new technologies means the start of new interactions with different parts of a network.
Adequately assuming these changes, adjusting and counting on real-time data as a source of knowledge is going to give companies greater open-mindedness, proactivity and predictive analysis ability.
Each individual will see changes according to their role. For example, employees will see change in their newer tasks and, meanwhile, for the clients this will mean a greater customization of the products and services that will make them meet their expectations.
What does this bring us?
Digitalization is essential in order to see how competitiveness increases within globalized markets. For that reason, the Spanish industry and many other global economies have started the adequate processes towards digital transformation.
5 benefits of the Industry 4.0
- Quick adaptation to change and demand alterations.
- Custom service for our clients.
- Incorporation of services to our physical products.
- Real exploitation of information with many analysis tools.
- Production time reduction.
From Actio, we offer to help you achieve process automation and reach the digital transformation of the Industry 4.0 successfully. Shall we talk?