The industry 4.0  was revived in 2011 in Germany which presented a new perspective and ideas regarding the industrialization in the 21st Century. Industry 4.0  conceptualizes the stepping stones of the smart factory, cyber monitoring, security systems, and robotic process automation. Industry 4.0 provides the transformation for your factory and helps you to optimize each and every individual unit and procedures.  

 
The cloud-enabled machine to machine communication equips the manufacturing with leaps of data and provides detailed analytics to avoid delays and unnecessary cost.  Below are some of the benefits of implementing IIoT at your factory premises.  

1. A transparent stream of information

By equipping raw sensors to all the machines in the manufacturing unit gives an opportunity to digitalize the physical world and seamlessly integrate with the other devices.  By this, you can get contextual information which can help in better decision making and transparency between all the stakeholders. 

2. Inter-connectivity between components 

Industry 4.0  allows machines, devices, sensors, and automobiles to communicate with each other and create contextual data on all fronts. A manufacturing plant consists of five-layer hierarchy including sensors, ERP and machines. Industry 4.0 architecture allows sensor data to be stored on the cloud and allows to request data whenever required. This makes a seamless integration possible within the organization.  

3. Faster Decision Making 

By creating tons of data and information which is readily available, makes the entire decision-making process faster, hierarchical and transparent. Real-time dashboards, analytics, role management, and revision history provides a safety net for all employees. Taking decisions which are backed by insights and data gives a sense of confidence and leads to calculated risk management.  

4. Technical assistance  

Industry 4.0 doesn’t only make the machine smarter but also makes human assistance minimal and provide insights which make the manual jobs equipped with more informed decisions.  Technology implementation aims to enhance overall factory productivity with timely human intervention. 
 

5. Faster innovation 

13% of the companies which adopted industry 4.0 experienced a greater scope of innovation by 3D printing, providing them a competitive edge in the market and collaborating globally with remote experts.  

6. Quality control 

42% of the overall product catalog quality was enhanced by eliminating and reducing customer returns and aiming towards Six Sigma Quality.  
 

7. Reduced cost 

Around 50% of the operating cost was reduced which helped in real-time production monitoring, control, role management, predictive maintenance and stepping stones for automation and 3D printing.  

8. Improved OEE (Overall equipment effectiveness) 

60% of the Industry 4.0 adopters conveyed that digital technology has helped them to increase productivity,  to protect and prevent unplanned downtime and optimize equipment’s maintenance, effectiveness, and efficiency. 

Whether it is a small corporation or a Fortune 500 company, industry 4.0 is just not another technology fad. It is here to stay, transform,  and provide solutions through which corporations would never look back to manual manufacturing. 

Companies today need to adopt a long term strategy, invest for a higher ROI. Please feel free to get in touch with us, At Xpetize, we will help you with the right transformation and assist you to become the market leader in your domain.