Smart Industry has said, "Industry 4.0 should boost production flexibility, enabling a facility to rapidly adapt its operations to market changes. For instance, a plant control system could autonomously adjust output based on fluctuating utility prices, thereby optimizing the costs of production."
Industry 4.0 certainly has some amazing benefits and has come a long way over the past few years, but there are still some challenges to overcome. For example, cybersecurity remains a major concern and is one of the largest challenges brought forth by the Fourth Industrial revolution.
Below, we break down the pros and cons of Industry 4.0 to give you insight into what manufacturers and industrial organizations keep in mind when approaching digital transformation initiatives.
There is a lot to consider as you contemplate what the Fourth Industrial Revolution will bring, and how your organization explores solutions that fit within your business goals. Not only is there a lot to learn about, but there are an innumerable amount of problems to solve and plenty of solutions available in the marketplace.
One of the best places to start is by enhancing your data collection methods. Automating machine data collection provides real-time, accurate production data that can be used to make better decisions as well as automate tasks.
As a manufacturer, we invite you to continue to research digital transformation and develop a better understanding of tangible strategies for driving the next generation of efficiency and growth.
To learn more about taking actionable steps to advance forward into Industry 4.0, read our comprehensive guide on the subject: "Digital Manufacturing Transformation Roadmap."
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