What’s next for Industry 4.0 ?
- February 26, 2018
- Posted by: Priyanka Hegde
- Category: Industry 4.0
Intelligent production is a necessary aftermath of the ongoing digital transformation that impacts not only businesses across all industries, but society as a whole. Digital transformation comes with a major shift in customer behaviour – as consumers are now more informed than ever before, much more demanding, and no longer willing to adapt to a product, rather expecting the product to adapt to them. What makes all of this possible to envision is the way Industry 4.0 is evolving – and deepening the relationships between manufacturing, customers, and suppliers. The lot size of one or “mass individualization” will be a topic every manufacturer will have to face sooner or later.
The Changing World of Manufacturing
The biggest challenge will be to offer those highly-individualized products for the same price and with the same delivery time as their mass-produced equivalents. This new product individualism will appear throughout the value chain, eventually also hitting the manufacturing industry. It demands production processes that are much more flexible as well as new machines. It’s not enough to have machines that flexibly and easily interconnect with one other; they also have to be geared towards adjusting production dynamically.
Manufacturing organizations across the world are looking at IIoT(Industrial Internet of Things) /Industry 4.0 as a way to transform their business. They understand the potential of the technology that can drive better overall equipment effectiveness (OEE), institutionalize process improvements and reduce waste while also innovating ways to bring new products out the door for their customers. The combination of infrastructure, analytics and visibility are creating real economic value across many organizations.
So what’s really in store for Industry 4.0?
- Predictive Maintenance/Condition Monitoring
Predictive maintenance is a technique used to determine the condition of in-service equipment or machinery in order to predict when maintenance/servicing should be performed. In other words, predictive maintenance ensures that a machine is repaired when it is really needed.To increase productivity and reduce maintenance costs, sensors are integrated with machines to constantly monitor them. The machine status and data can be recorded and transmitted in real-time to the cloud for predictive maintenance analysis, as a solution for after-sales maintenance.
Kloudq’sunique Remote Monitoring Solution KloudRMS gives the latest insights on performance, quality, and availability of your assets real-time, thereby empowering you with increased visibility, exceptional customer service, improved product reliability, newer revenue streams and innovative products.
- Telematics and Data Analytics
Technology will play a huge role in changing the fleet management landscape. Fleet management companies need predictive analytics solutions that will allow them to tell, in advance, if a vehicle is going to have a mechanical breakdown, collect real-time information on driver performance, allowing them to monitor and keep them on a safe route. KloudKonnect is a GPS &IoT based remote monitoring solution that delivers up–to date information to fleet managers and provides real-time granular vehicular data for optimized fleet operations and improved profitability.
- Predictive analytics
Predictive analytics can bring an end to stockpiling by allowing companies to monitor their equipment and their performance. The data visualization generated as an outcome of predictive analytics also specifies how many machines are functional at the moment, the efficiency of each active machine, and generates alerts for all the machines that are not functioning as expected and needs maintenance. Our transformative IoT solutions provide an easy-to-use and interpret comprehensive dashboard and actionable results thus helping you cut down your costs significantly.
- Collaboration is the key to success in Industry 4.0
Going forward, Industry 4.0 needs collaboration, integration, and, consequently, a certain level of openness. Companies have two simple choices: They can either try to do it on their own, or they can collaborate with a technology partner. As happens with all the major technologies, Industry 4.0 will surely reward its early adopters, and those who are too scared to change will soon become technologically irrelevant. If you’re willing to take the initiative and take your business to the next level, feel free to get in touch with our team – we’ll be happy to help!