Featured Stories

Categories

Manufacturing visibility is important

Graham Immerman
December 26, 2017

The widespread adoption of Industry 4.0 could result in some significant productivity changes.

"A study by The Boston Consulting Group (BCG) showed that rapid adoption of Industry 4.0 could boost the [Singapore's] labour productivity by as much as 30 percent by 2024."

In order to make these changes possible, however, there has to be visibility.

By knowing what is happening on your production floor real-time, problems can be solved much faster. Our TV Monitors on your shop floor display the performance of jobs against their goals. Your staff could easily learn to read these monitors quickly and fix problems accordingly.

Manufacturing in the era of Industry 4.0Source: http://www.enterpriseinnovation.net

The topic on the Fourth Industrial Revolution has sparked discussions across various industries, and countries. A study by The Boston Consulting Group (BCG) showed that rapid adoption of Industry 4.0 could boost the country’s labour productivity by as much as 30 percent by 2024. Advancements, from smart manufacturing, robotics, to artificial intelligence and the Internet of Things (IoT), are set to power this wave of change. In particular, manufacturing is fundamentally changing with Industry 4.0, and the implications are far-reaching. As the International Monetary Fund (IMF) noted a broad-based yet fragile recovery in its 2017 global growth forecast, manufacturing remains a key economic driver for most countries. In Singapore, the sector accounts for 20-25% of Singapore’s Gross Domestic Product. With 99% of her registered companies being small and medium enterprises, undergoing a digital transformation as solution providers of advanced manufacturing solutions is the way forward to enhance competitiveness. Read More

Comments

Related posts

How Industry 4.0 makes your factory smarter
01Feb

How Industry 4.0 makes your factory smarter

Industry 4.0 and IoT can make your factory a smart, efficient machine. It can empower your employees to make them more efficient with more job satisfaction. These initiatives can also help immensely w...

Breaking it down when there are too many possibilities
31Jan

Breaking it down when there are too many possibilities

Sometimes the possibilities can seem overwhelming. When you're trying to work on Industry 4.0 initiatives and get stuck in all the information - what do you do? Deloitte says many companies feel this ...

Why is Industry 4.0 so important?
30Jan

Why is Industry 4.0 so important?

Why is Industry 4.0 so important? Because you can have the information you need when you need it. You might not initially realize how inefficient your shop could be until you implement this technology...

How to move toward Industry 4.0 right now
29Jan

How to move toward Industry 4.0 right now

Industry 4.0 can often seem like a big, daunting challenge. To make it a little easier, Industry Week put together a list of a few things you can do right now to move toward Industry 4.0. They said fi...

Do this if you want to be successful in Industry 4.0
28Jan

Do this if you want to be successful in Industry 4.0

If you want your Industry 4.0 initiative to succeed, industrialized data is vital. The bottom line is that if your data isn't safe and accurate it's not helping you. Forbes said, "To realize the full ...

Making your IIoT transition the best it can be
23Jan

Making your IIoT transition the best it can be

Transitioning to IIoT? You can learn from those before you to make your transformation smooth and successful. First of all, you don't need to break the bank right away. Industry 4.0 technology is beco...

How Industry 4.0 can help with the skills gap problem
16Jan

How Industry 4.0 can help with the skills gap problem

The manufacturing industry is currently dealing with a skills gap. This has happened before - during the Industrial Revolution of the 19th century and there was a positive outcome then! Forbes said th...

The current impact of machine learning
14Jan

The current impact of machine learning

Big data and machine learning are making a big impact on manufacturing, but they are also important in society as a whole. Forbes says big data is, "The realization that there exist piles of data wher...

Do these four things to succeed in IoT
09Jan

Do these four things to succeed in IoT

IndustryWeek claims there are four "essential truths" that will help you find success in your IoT initiatives. The first is to make security and privacy your top priority. It's vital that you keep you...

Technology trends to watch in 2019 manufacturing
02Jan

Technology trends to watch in 2019 manufacturing

2019 is here! What trends are going to take center stage this year? 5G is definitely a hot topic and could greatly impact smart manufacturing. Automation will also likely increase across the board wit...

banner1-1

Subscribe Email

banner2-2