Ready For Industry 4.0?

Technologies such as Internet of Things (IoT), Artificial Intelligence (AI), machine learning etc. are drastically changing the way companies design, manufacture and distribute their products. These rapid changes, sometimes known as Industry 4.0, are causing massive disruption that is bridging the gap between the digital and the physical world. Businesses around the world are transforming their supply chain to gain a competitive advantage. Sensors play a key role in collecting various types of data at different stages of the process. If used correctly, this data can turn into actionable insights and be used to predict various scenarios with the help of machine learning.

For example, equipment failure prediction, asset tracking, asset performance management, inventory management, infrastructure management etc. are now being done digitally. Manufacturers are automating their procurement process based on their inventory status, which relies on sensor data. This and so much more is now possible because not only the technology is far more advance but also these digital transformation solutions are easy and affordable to deploy.

What Can Digital Transformation Do For You?

If implemented carefully, digital transformation can be a very useful tool. Right from product design and procurement to manufacturing, maintenance, quality checks and product delivery, there are massive opportunities to digitise these processes. Digital transformation of your equipment maintenance for example, will save you a lot of time, effort and money. It will also offer you insights into when a machine can possibly fail. Rather than simply replacing perfectly fine machine parts regularly, you can monitor your critical infrastructure and only replace a part when it is truly necessary. This in turn leads to higher operational and manufacturing capacity.

Although possibilities are endless, the table below lists some typical transformation opportunities –

Process

Opportunities

 

Manufacturing Operations

·         Additive manufacturing for producing low volume spare parts

·         Rapid Prototyping

·         Optimisation of inventory using real time sensor data

 

Warehouse Operations

·         Robots to assist pick and pack staff

·         Smart Glasses to reduce labelling

·         Devices to share information among staff

 

Inventory and Logistics

·         Sensors to track assets, goods location and availability

·         Optimising inventory based on internal or external data such as demand and weather

 

Quality Checks

 

·         Sensors to assess quality and predict any potential issues

 

Maintenance

 

 

·         Predictive maintenance to assess asset performance and optimise maintenance schedule

 

 

Health and Safety

 

·         Sensors to monitor temperatures and presence of toxic gas & liquids

·         Sensors to geofence certain goods from employees

 

Infrastructure Monitoring

 

·         HVAC monitoring and optimisation

How Can We Help?

We offer end to end digital transformation consulting. We can help you with –

  • Assessment and creation of your digital factory blueprint
  • Proof of concepts to prove the ROI on technological solutions
  • Implementation and scaling of your digital factory solutions
  • Technology Innovation Consulting