How will Industry 4.0 come to benefit our lives?

As labor costs and material prices continue to rise, manufacturing profit margins are getting smaller and smaller. Manufacturers need to consider improving plant efficiency and reducing costs, and through other means to increase business orders, but now the global market is not stable, plus With the growing trend of personalized demand, factories must adapt to small-volume, personalized manufacturing scenarios. In this context, Germany proposed the Industry 4.0 model, hoping to increase the flexibility of the plant through the information physics system.
Industry 4.0, also known as the "fourth industrial revolution," is mainly to integrate information technology with industrial technology to promote the digital transformation and upgrading of manufacturing. This innovative revolution has caused a storm in Europe and around the world, and German manufacturers expect to invest $150 billion a year in the integration of the Industry 4.0 framework into their existing business operations and practices.

What kind of benefits will Industry 4.0 bring to the manufacturing revolution?


At present, manufacturers are actively seeking more efficient ways to improve operations, and Industry 4.0 can bring many benefits, such as reducing costs, improving productivity and enhancing corporate profitability. The factory can achieve more control through process control, streamlining and optimization. Good output.

Improve material planning and reduce waste

With the advancement of the Industry 4.0 model and the Industrial IoT, factories and manufacturing units will be fully digital in response to the unique needs of individual customers, maximizing customer satisfaction by merging elements such as custom product design, manufacturing processes and final delivery. Satisfaction.
With next-generation information technologies, such as cloud manufacturing execution systems, companies can improve their material requirements plans to achieve a revolutionary competitive advantage. Industry 4.0 will enable companies to leverage these advanced technologies to increase productivity while maintaining the highest quality standards and reducing errors and waste.

What kind of benefits will Industry 4.0 bring to the manufacturing revolution?


In addition, human resources related aspects will also undergo some changes, employees will be more responsible for production equipment monitoring and analysis, and guide the machine to operate better through algorithms. This means that work does not require the task of performing in a hazardous environment, and the machine exhibits a higher level of competence in this environment, thereby reducing the number of workplace accidents and workers' compensation claims.
With the support of Industry 4.0 and the Internet of Things, production equipment will be connected to each other, and manufacturers have better conditions to improve their production processes. At the same time, through the sharing of data and advanced analysis, all stakeholders in the entire value chain can promote mutually beneficial cooperation.

Optimize processes and save long-term funding

Through the Industry 4.0 system, you can understand the use of the product, and the feedback time of after-sales service will be greatly reduced. Because the basic element of Industry 4.0 is the automatic feedback loop, the intelligent system can better keep records, thus improving the system's tracking ability, while controlling warranty expenses or timely recall processing.

What kind of benefits will Industry 4.0 bring to the manufacturing revolution?


Technologies such as the Internet of Things, big data, and artificial intelligence will be integrated into the entire supply chain to optimize the entire operational process and drive efficiency and innovation in the coming years. More and more industries are successfully applying Industry 4.0 and the Internet of Things to their systems to generate greater revenue and profits. This process will reduce downtime and save on long-term capital expenditures.
Industry 4.0 and the Internet of Things are spreading to different industries around the world, but how to implement Industry 4.0 and IoT technologies in their own business environment gives them the opportunity to increase profitability and put themselves at the forefront to ensure that these technologies are implemented Other competitive advantages offered are key to the development of the manufacturing industry.

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