A study was done at the end of last year that looked into Industry 4.0 and productivity in manufacturing.
Deloitte and MAPI wanted to know how this technology will impact US manufacturing in the next ten years.
It will probably not be surprising to hear that the results showed Industry 4.0 will have a huge impact on the manufacturing moving forward!
Here are some of the findings from the study that you should know.
Early adopters of Industry 4.0 are seeing results
Those that adopted Industry 4.0 early on are finding success with the technology.
In fact, many of them are doing well in their field and out-performing the competition.
As the saying goes, the early bird gets the worm!
Benefits outweigh risks
There are risks with any major change, but this study showed that there are far more benefits to Industry 4.0 than there are risks.
Assembly Mag said, "While there are operational and financial risks, they are outnumbered by the smart factory’s value contribution. Also, most risks can be mitigated through rational stakeholder selection, an efficient change-management strategy, measurable proof-of-concepts, and incremental investments."
Finally. . .
Industry 4.0 can be for everyone
The study clearly states that every manufacturer can get value from Industry 4.0.
Yes, even if they haven't started transitioning to this technology yet.
Even though early adopters have an advantage, it's not too late! As we move into this next decade, consider how Industry 4.0 can boost your manufacturing productivity!
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