The future role Industry 4.0 and IoT will play in the Manufacturing Sector
Industry 4.0, The Internet of Things (IoT), Operational Excellence, Smart Manufacturing, and Connected Data, are industry terms that are becoming increasingly important to the continued success and competitiveness of today’s global manufacturer, in the dawning of the 4th Industrial Revolution.
According to analyst’s research, the manufacturing industry will be the largest beneficiary of the internet of Things, and so it’s certainly something that will have a major impact on the manufacturing sector.
The way people consume products and services is changing so much, as demands for goods in all shapes and sizes is ever increasing. Manufacturers have to respond quickly to these changing market conditions and in the most efficient way. Adopting Industry 4.0 standard technologies will positively assist in responding to these market changes to future proof manufacturing operations and to inevitably drive sustainable growth and innovation.
The view from many business leaders is that having smart factories alone will not be suffice in efficiently operating in the global manufacturing market. Businesses need to concentrate on creating smart value chains, which means connecting people, products, processes and communities. Utilising data to turn smart factories into a smart value chain, connecting everybody in the value chain together such as production, logistics, service, R&D, purchasing, Quality, and so on. Creating this collaboration is key to the future success of the sector.
Industry 4.0 is the move towards digitisation. Cyber physical systems such as smart sensors can produce data that can be quickly acted on. When the quality, safety and traceability of products is paramount to most manufacturers, such systems can only be a positive thing…right? IoT is about integration and how people, processes and systems talk to each other, which largely doesn’t happen unless automated systems are already adopted. Collecting the right data is just the beginning, it’s getting the right kind of systems and people to analyse the data so that the best decisions can be made – that can be the tricky bit.
Implementing well established technologies such as Manufacturing Operations Management Systems (MOM), Electronic Quality Management Systems (EQMS) and Traceability Systems can offer many benefits to the Manufacturing industry, including a fast and effective solution to improve output, quality, reporting, and the bottom line, whilst meeting regulatory compliance – offering real-time data and information for analysis and action.
IoT may be seen as a disruptive technology to many, but those who will gain real benefits from it will be those who see the possibilities, see the gains and make it happen for them, instead of those who see the difficulties, the pain, the problems and just letting it happen.
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