A lot of the talk about Industry 4.0 revolves around the future.
What about right now?
Both should be considered - the future and the present.
Industry 4.0 technology is already making waves in our world. Here are a few statistics about right now and what is to come.
At the moment, statistics show that companies utilizing Industry 4.0 are getting ahead and finding success.
Specifically, real time insights are making an impact. According to PwC, those businesses that are utilizing real-time technology are seeing those benefits! They found those using real-time can become 19% more efficient and see 13% lower production costs.
Many manufacturing businesses see Industry 4.0 in their future.
Forbes reported, "The Deloitte study found that 70% of manufacturing executives believe their organizations’ long-term success requires integration of Industry 4.0 technology, yet 10% say they have a long-range strategy to accomplish that."
So it seems for now it's not about where manufacturing wants to go in the future, but how to get there!
As mentioned above, real-time analytics are a great way to improve efficiency and reduce waste. The great news is that you can implement this technology without doing a complete overhaul of all your equipment.
We can help you find the areas that need improvement and reduce downtime by alerting to machine problems before they go down.
Where are you at right now? Where do you want to be in the future? How can we help you get there?
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