Next-Gen Manufacturing

For manufacturers, a digital transformation often means looking for new ways to leverage technology and IoT (Internet of Things)-derived data to generate revenue. And in many cases this means talking about the next generation of manufacturing. What does this actually look like, and what steps do manufacturers need to take to achieve Industry-4.0 status?

Manufacturing is quickly finding the benefits in servitization, and the industrial sector has been front and center throughout many of our discussions. As a result, services are an increasingly important part of manufacturers’ digital transformations.

As part of the industrial IoT, devices and machines collect and share massive amounts of data throughout the manufacturing process. Plant floor managers and manufacturing executives can use this realtime data to make business decisions that affect workflow and production.

Some of the value of the industrial-IoT in manufacturing includes streamlined processes through improved automation as well as increased on-time production, in part due to predictive maintenance and reduced unplanned downtime. This is what Industry 4.0 looks like.

But it’s always important to examine not only the opportunities, but also the roadblocks. Industrial-IoT adoption challenges include security, interoperability and complex legacy systems, system reliability, and budgetary constraints.

To read more, visit https://connectedworld.com/manufacturing-and-servitization/