What is Industry 4.0?

Digital manufacturing technologies will transform every link in the manufacturing value chain

Digital Manufacturing

Digital technologies are now entering the manufacturing arena as they continues to disrupt media, finance, electronic consumer products and other sectors. The explosion in data and new computing capabilities alongside advances in artificial intelligence, big data analytics, Internet of Things, cloud computing, cyber physical systems, robotics, sensor technology, additive manufacturing and human-machine interface are unleashing innovations that will transform manufacturing. Digital manufacturing technologies will transform every link in the manufacturing value chain, from research and development, supply chain, and plant operations to marketing, sales, and service – giving rise to a new era in manufacturing know Industry 4.0.

Manufactures of formulated products can deploy digital technologies to improve productivity and reduce operational risk as well as to grow new revenues streams and business models. Gathering plant and supply chain data through a network of sensors and then strategically harnessing the value of big data will be critical in the deployment of Industry 4.0 solutions. Potential applications include:

1) Operational Applications

  • Predictive Asset Management
  • Process and Quality Control
  • Highly automated or autonomous production and supply chain systems
  • Energy Management
  • Safety Management
  • Production Simulation
  • 3D Visualisation
  • Supply Chain Planning
  • Supply Chain Visibility
  • Demand Forecast

2) New Revenue Steams

  • Accelerating new product development
  • Additive Autonomous Manufacturing
  • New Smart Products and Services
  • Data services to argument existing product
  • Forward integrating into customer’s operations

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