Many people are under the impression that implementing Industry 4.0 techniques is all about the bottom line. While it certainly improves efficiency and OEE, there are other great benefits that aren't directly tied to the budget. Forbes said, "The availability of open, connected data means that plant managers, engineers, and management can now work together to objectively solve production problems. It also results in improved customer satisfaction, increased supply chain transparency, and enhanced employee engagement." High-tech solutions can absolutely improve customer relationships and help your employees become more satisfied with their career.
It’s no secret that Industry 4.0, or the Industrial Internet of Things (IIoT) has the power to drive true quantifiable change in the manufacturing industry. The immediate bottom-line production benefits are clear: fewer machine failures, reduced scrap and downtime issues, and improved throughput – to name a few. However, there are additional, less quantifiable, benefits of implementing this technology. Read More