Start driving decisions with machine data.
Categories:

    If you're in the manufacturing field, chances are you have been reading about Industry 4.0 for a while now. 

    It might seem like it's too late at this point for SMEs, like you're too far behind. 

    That's not the case at all!

    While many large manufacturers have made the leap already, plenty of smaller manufacturing companies have not.

    Now could be your chance to get ahead and invest in your future. 

    Why now?

    Institution of Mechanical Engineers reported that under a third of SMEs actually have a plan in place to implement Industry 4.0. 

    This means that small to medium sized manufacturers still have not missed their chance to get ahead of the competition!

    Why haven't more SMEs invested?

    "26% said Industry 4.0 and robotic automation was not practical because of a lack of infrastructure, such as 5G internet. 13% said there was a lack of financial backing to invest."

    This might seem daunting, but the good news is that Industry 4.0 does not need to be a complete, expensive overhaul. 

    The answer

    A great way SMEs can get started with this technology is with the use of sensors. 

    They can increase efficiency by improving visibility into your machines and reducing downtime. You can start your Industry 4.0 strategy by identifying the areas that need the most help. Begin by monitoring those machines, then expand your initiative at your own rate. 

    Industry 4.0 can be great for SMEs, too!

    Comments

    Leave a comment

    Subscribe to our mailing list

    Related posts

    Two things to know about remote manufacturing right now

    Two things to know about remote manufacturing right now

    A lot of people are moving to remote work when possible to slow the spread of COVID-19.  Is this possible with manufacturing?  Often times, the answer is yes if you have the right tools! Here are two ...

    Industry 4.0
    The benefits of connecting AI and big data

    The benefits of connecting AI and big data

    Artificial intelligence and big data are a winning combination! When paired together, these two technologies hold incredible potential for manufacturing businesses around the world.  Today, we'll disc...

    Industry 4.0
    Minimizing risk with Industry 4.0

    Minimizing risk with Industry 4.0

    As with any change, there is some risk associated with Industry 4.0.  While some businesses choose to go all in, that's not always an option.  If you're interested in Industry 4.0 but you're not ready...

    Industry 4.0
    The connection between IoT, Industry 4.0, and productivity

    The connection between IoT, Industry 4.0, and productivity

    Industry 4.0 and the Internet of Things (IoT) are similar, but not quite the same.  In fact, they work together to help manufacturers increase their productivity.  Today we will discuss what they have...

    Industry 4.0
    Where Industry 4.0 is making an impact

    Where Industry 4.0 is making an impact

    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 wo...

    Industry 4.0
    Why smart manufacturing is worth it

    Why smart manufacturing is worth it

    As with any investment, manufacturers want to know if investing in smart manufacturing will be worth their money.  It's just business! That totally makes sense, so here are two reasons why you should ...

    Industry 4.0
    Taking reasonable steps toward Industry 4.0

    Taking reasonable steps toward Industry 4.0

    Despite what some people think, Industry 4.0 does not need to be a huge, sweeping change.  You might picture a state of the art smart factory, but that's not all of Industry 4.0. Sometimes, smaller st...

    Industry 4.0
    The difference between machine vision and machine learning

    The difference between machine vision and machine learning

    You have probably heard of machine learning at this point, but have you heard the term machine vision? What's the difference? While they seem similar, these terms actually mean totally different thing...

    Industry 4.0
    Manufacturing personalization in 2020

    Manufacturing personalization in 2020

    It shouldn't be a surprise that personalization is expected to be a big manufacturing trend in 2020.  After all, this trend has already been on the rise! Here are two reasons why personalization will ...

    Industry 4.0
    Getting the most from the data you collect

    Getting the most from the data you collect

    Data is just data until you can make sense of it.  Are you just collecting data for the sake of collecting it, or are you actually ready to use it and make some important decisions?  In order to best ...

    Industry 4.0