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WHY INDUSTRY 4.0 IS IMPORTANT AND WHY MANUFACTURERS SHOULD CARE

 

What’s the Importance of Industry 4.0?

The Fourth Industrial Revolution, or Industry 4.0, is extremely relevant and increasingly important in manufacturing for a multitude of reasons. Put as simply as possible, Industry 4.0 represents the next wave of technology driving efficiency across operations.

Failing to adopt technology of the Fourth Industrial Revolution will cause organizations to fall behind, as their operations will not be digitized enough to match competitors.

Why is Industry 4.0 Important in Manufacturing?

There are several key reasons why Industry 4.0 technologies will increasingly be adopted by manufacturers:

Cost Efficiency: Machine Monitoring solutions, predictive maintenance strategies, and other advanced operational technology will help manufacturers decrease downtime, increase throughput, and overall, reduce the cost of supplying quality parts.

Democratizing Data: Along with many other industries, manufacturing has suffered from siloed data, not only among separate departments within the organization, but also at different levels (ie. the machine level, the plant level, corporate). A connected operation provides accessibility to disparate data sources, and if done properly, provides an easy way to use that data for effective decision-making.

Operational Agility: Being able to quickly react to fluctuating demand, new product trends, the skills gap, and other unpredictable challenges is key for any manufacturer. With the right technology in place, manufacturers have a greater likelihood to successfully pivot when experiencing adversity.

Documentation and Traceability: With digitized information, a nearly limitless amount of manufacturing data can be stored via the cloud. What this means is that all manually collected information can be converted to a digitized data collection system, which can be used for anything from training new workers with legacy knowledge, to building advanced algorithms with historical data. The options are unlimited as long as the data is stored and accessible in such a way to build solutions.

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Retaining Customers: Power among suppliers and consumers has continued to trend towards the customer, with increasing expectations around service and product quality. To meet these rising demands, manufacturers will be forced to adopt technology to support customization, product development, after-sale service, and more.

Recognizing the importance of industry 4.0, the organizers of the VIAF international exhibition opened up the 4.0 area in the exhibition. Industries 4.0 Zone is definitely a revolutionary approach to engineering products. This general concept will push all manufacturers requirements to a new level of optimization and productivity. Not only that, customers will also enjoy a whole new level of personalized product tuning that may never have been possible before. Conversation network of the first time as a free as an autocation of the processors, up a new range with the way to limit of products output the series option and flexibility. Industries 4.0 will revolutionize the operation of regulated products. Industries 4.0 has a lot of conditions to promise in terms of revenue, investment and technology progress.

Please register to be removed and connected with industry 4.0 applied in production at the VIAF exhibition in our Industries 4.0 area.

Source : Machinemetrics

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Register booth online here
See the post on the fanpage here

Taking place at WTC Binh Duong on June 8-10, 202

Contact with organizer of VIAF  :
Phone: +84 907 525 983- Ms Coco
Address: 135 Nguyen Thi Nhung, Van Phuc Residential Area, Thu Duc City, Ho Chi Minh City, Vietnam
Email: thao@vietnamindustrialfiesta.com