Factory Revolution 4.0
Tackling Industry 4.0 as a whole certainly offers a holistic vantage point but fragmenting allows for a more intricate understanding of what’s being made possible by the new opportunities that Industry 4.0 is creating for manufacturers.
The factory is the cornerstone of manufacturing, so it makes perfect sense for manufacturers to hone in and concentrate on how factories are evolving with Industry 4.0.
Integrating technology that permits the collaboration of customers, partners, systems and machines will burst the boundaries of real time process improvements.
This level of dynamic performance and visibility has been manufacturers’ dream for generations. Finally, the connection between supply and demand can be seamlessly automated, along with production and distribution.
Automation and UX
Complete automation has the potential to transcend the customer experience by making bespoke customisation more affordable from the outset. It’ll also localise manufacturer relationships with wider geographical markets by allowing them to deliver highly effective production in countries with stronger wage structures.
This means manufacturers can be reactive to location-specific trends whilst reducing lead times, shipping times and go-to market strategy times.
This is a key space for strategic competitive advantage, as digitisation could allow manufacturers to approach local designers and specialists for native markets.
Smarter. Faster. Cheaper.
Cost saving, process improvement and customer experience. Each one vital for a manufacturer’s success.
With Industry 4.0, manufacturers will be able to leverage automation in a way that leads to better products, services and full lifecycle visibility - making greater success more manageable.
Design and development is just the tip of iceberg though. Perpetual advancements in production and servitisation will propel business models to learn from all aspects of the manufacturing process - from initial idea through to end use.