Harnessing the Power of Industry 4.0

In an era marked by rising production costs, rapidly evolving customer demands, and heightened international competition, European manufacturing is embracing the transformative wave of Industry 4.0. This ongoing revolution entails the integration of cutting-edge technologies, such as the Internet of Things (IoT), cloud computing, artificial intelligence (AI), and more, into industry operations. With 61% of companies considering Industry 4.0 as a competitive advantage, it is imperative for manufacturers to embark on this technology-driven journey to enhance efficiency and maintain competitiveness.

Which technologies are at the heart of Industry 4.0?

No matter where you are on your own digital transformation/Industry 4.0 journey, you’ll either already be using these technologies or will soon encounter them.

CPQ software – allows manufacturing businesses to generate quotes quickly and accurately for orders with complete visibility over availability of materials and customisation options. Documents and data are automatically created at the right time with control over when tasks are processed.

Internet of Things (IoT) – a series of devices embedded in everyday objects that allow them to send and receive data. Can also help spot malfunctions before they happen.

Cloud computing – the foundation of Industry 4.0. Cloud computing connects engineering, supply chain, production, sales and distribution, storing huge quantities of data.

AI and machine learning – allow manufacturers to take full advantage of their data across their business, including third-party sources. Machine learning can even help businesses perform predictive maintenance.

Edge computing – real-time production often demands analysis be done right at the point the data is created at. Edge computing means the detection of a safety or quality issue is possible in real-time action with the equipment.

Cybersecurity – the interconnectivity of a smart factory can also leave it vulnerable. Cybersecurity underpins the entire Industry 4.0 strategy, ensuring everything runs as smoothly as possible.

Robotics – used to carry out dangerous, repetitive, or mundane tasks in the manufacturing process – or those requiring exceptional precision, time and time again – allowing humans to focus time on value-add tasks.

Digital twins – digital twins are replicas of processes, production lines, factories, and supply chains. They are used to increase productivity, workflows, and to create new products.

Our eBook is designed to guide businesses through the Fourth Industrial Revolution, providing valuable insights and strategies to navigate Industry 4.0 and thrive in the ever-evolving marketplace. Download now to learn more!