Industry 4.0 and machine monitoring have proven to increase efficiency. Control Engineering said, "Properly implemented, creating a more connected process control system has the potential to significantly improve productivity. In fact, PwC, one of the world’s largest professional services companies, conducted an extensive survey of over 200 German industrial companies, and showed an expectation that productivity will increase by 18% over the next five years." What could an 18% increase in productivity do for your business?
Almost every industrial process is capable of adopting aspects of Industry 4.0 – the interconnection and digitisation of products, business models and value chains, says Paul Trevitt. As more manufacturers and businesses adopt the principles and more common protocols are implemented, so the benefits become more accessible. Industry 4.0 aims to bring together the worlds of industrial production and network connectivity to create an ‘Internet of Things’. This will lead to a ‘smart production’ environment, where intelligent machines, systems and networks are capable of independently exchanging and responding to information to manage industrial production processes. Read More