Rediscover Industrial Manufacturing through Technology
Industry 4.0, or the fourth industrial revolution, characterizes the latest shift in manufacturing technology. Before the global pandemic, Industry 4.0 was already transforming manufacturing operations; however, Covid-19 has made it clear that supply chains are in danger of disruption, making automation technologies even more valuable.
Where the third industrial revolution began with the adoptions of automation and computers in manufacturing, the fourth goes farther to include autonomous systems that are fueled by big data and analytics and machine learning. In short, Industry 4.0 enhanced the computerization of Industry 3.0.
So, what do manufacturers need to know about Industry 4.0? And what are the major technological advancements and trends that define the fourth industrial revolution? Keep reading to find out!
Big Data Analytics
Leveraging big data analytics can be a huge asset to manufacturers. By collecting vast quantities of data, manufacturers can improve effectiveness and supply chain management and make more informed business decisions.
Additionally, big data analytics make it possible for manufacturers to identify bottlenecks in production and use data to understand the causes of the holdups. In fact, according to Industrial Equipment News, by utilizing big data, manufacturers can reduce downtime by 25%.
In short, big data analytics allow businesses to nail down their supply chain, maintain their production schedules, and make real-time decisions.
Cloud-based technology plays a key role in Industry 4.0. According to a 2018 report, 76% of companies are already using cloud technology or plan to move to the cloud. Cloud computing’s ascendance to the forefront of manufacturing enterprise technology is due to its countless benefits.
Manufacturers who utilize cloud-hosted technology have greater connectivity, meaning data is available on the go from any device, whenever organizations need it. Additionally, manufacturers can simplify enterprise software implementations if they host their software on the cloud rather than on-premises.
Further, cloud technology is much safer–on-site software requires heavy instruments in security and constant monitoring from the IT team, where cloud providers have the sophisticated technology and methodology to protect businesses from risks and downtime.
Cloud providers, like Microsoft Azure, provide countless benefits to manufacturers which is why it is becoming so prevalent with Industry 4.0.
The Internet of Things (IoT) has become far more than a buzzword; it’s become a huge force in the manufacturing industry. IoT is all about connectivity–enabling objects, machines, and devices to transfer data over a network without the use of human intermediaries.
In the future, it’s possible that nearly every manufactured object—both infrastructure and consumable—will be embedded with sensors that allow businesses to track performance and weed out operations that fail to add value to the manufacturing process or buyer’s journey. Whether it be security and privacy, product design, supply chain visibility, or more, manufacturers that leverage IoT technology are jumping leaps and bounds ahead of their competition.
With the increased connectivity and other major advancements that come with Industry 4.0, also come more cybersecurity threats. In fact, Justice.gov reports that there are more than 4,000 ransomware attacks, on average, every day. And hackers frequently attack small businesses because they often lack the necessary tools and resources to fully protect themselves from cybersecurity threats.
By incorporating cybersecurity best practices and a cutting-edge framework, like EverSafe! Backup and Disaster Recovery, you can protect your business and your data to mitigate risks associated with Industry 4.0, employee mishaps, hackers, ransomware, and other data disasters.
By integrating all the robust technology associated with Industry 4.0, manufacturers can have a cohesive, connected enterprise. Keeping systems separated results in information silos, gaps in processes, and limited visibility. Thus, the integration will maximize the performance and value of all the manufacturing systems (i.e. ERP, CRM, eCommerce, cybersecurity framework, etc.).
The advancements of Industry 4.0 may seem like formidable challenges for manufacturers looking to build and sustain a lead in such a competitive industry. But rather than looking at Industry 4.0 as a challenge, we recommend looking at it as an opportunity.
Datix has countless exciting software solutions and expert consultants that will help your manufacturing business optimize your processes. We stay with our clients from the very beginning of their software implementation projects to after the go-live date, providing continued support and peace of mind. And, we are business process experts, so you can be sure our consultants are implementing the best solution for your organization.
If you have questions about Industry 4.0 or would like to learn more about Datix’s exciting software solutions, contact us today!