alexanderlimbach/adobe.stock.com The Fourth Industrial Revolution is upon us. It addresses many challenges and mitigates risks facing all manufacturers today while creating new ways to generate revenue and win. Simply put, Industry 4.0 marries the best practices of traditional manufacturing and the technological world. It makes use of smart equipment and automation that can analyze, monitor, self-diagnose and communicate ― with other machines and human coworkers. With evolving and complex supply chain needs and ever-rising pressures on price, quality and delivery lead times, the transition to an Industry 4.0 environment surely is accelerating. To transition smoothly into Industry 4.0, a manufacturer must assess its current state of digital maturity and put in place a long-term Industry 4.0 road map with return on investment (ROI) in mind. A manufacturer’s digital maturity goes far beyond simply deploying new technology by aligning the company’s overall strategy with people, processes and technology to meet the expectations of both customers and employees. How to Make the Transition These six tips will help ensure a successful Industry 4.0 transformation for your business: 1. ROI first: Always start with the business case How do you measure success? It’s essential to tie digital transformation directly to business profit […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
