Automation is a major component of Industry 4.0, but there's more to the revolution. For Industry 4.0 to truly be achieved, it needs to be more widely used and adopted.
Why isn't it being used as quickly as some expected? Forbes said one reason could be, "There isn’t a universal standard for the calculation of the return on investment of automation, so the industry as a whole struggles with it."
However, as an industry we are still on the path to Industry 4.0 and more businesses are making those changes. Sensors are a great starting point for those interested but not ready to make overwhelming changes.
While ubiquitous automation tools exist, like Surface Mount Assembly lines or Kuka robots assembling the body of cars, many would be surprised to learn just how many manual processes exist.Jagiela shared that the average payback period for these kinds of applications for implementation in the U.S. is usually less than a year, and that he has multiple customers who have decided to spend more on automation than human labor would cost, because of the benefits of improved assembly quality.Read More