Industry 4.0 & the Industrial Internet of Things (IIOT)

Learn what Industry 4.0 Means and the Benefits it can bring to your Business

Industry 4.0 (or the 4th Industrial Revolution) is a vision that evolved from an initiative to make the German manufacturing industry more competitive. In its broadest sense it is a data driven transformation of industrial processes related to the notion and evolution of the “Smart Factory”.

In an increasingly competitive world it is vital industry plans to move into the digital age. We are already in the age of the 4th Industrial Revolution and most manufacturing companies have not realised this yet. As the famous saying goes; “In business, the competition will bite you if you keep running, if you stand still, they will swallow you!”

This white paper will cover the following topics to help us better understand Industry 4.0, and the steps to achieve true efficiency:

  • What is Industry 4.0 and IIoT?
  • What are the benefits to be gained from adopting Industry 4.0 interconnectivity?
  • How Industry 4.0 concepts can be adopted by manufacturers, allowing them to reduce costs, release resource and drive manufacturing efficiency

Download our full white paper instantly and begin exploring Industry 4.0 and the tangible actions you can take to benefit your business.

Download the full white paper today

Start exploring Industry 4.0 and the Industrial Internet of Things today and discover the benefits you can gain from adopting these principles of interconnectivity. Your business can achieve reduced costs, release resources and improve efficiency using these insights, so download the white paper instantly.

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"In business, the competition will bite you if you keep running, if you stand still, they will swallow you!"

Victor Kiam

The Benefits of Industry 4.0 and IIOT

With an increasing demand for speed combined with more volatile customer requirements, manufacturers are being pushed to modernise systems and equipment in order to keep up with evolving consumer expectations. As the world evolves, other challenges present themselves, such as increasingly complex customer requests, not to mention climate change and new regulation/legislation.

Industry 4.0 and IIOT offer a wide range of real world, tangible benefits which can help businesses overcome these mounting challenges.

These are just a handful of such benefits, but our full white paper contains a much more extensive list, providing details explanations and suggestions of ways your organisation can take advantage.

Download the full white paper today.

Operational Maintenance

The use of Intelligent Sensors in manufacturing equipment enables condition-based maintenance alerts. There are many critical machine tools that are designed to function within certain temperature and vibration ranges. Intelligent Sensors can actively monitor machines and send an alert when the equipment deviates from its prescribed parameters. By ensuring the prescribed working environment for machinery, manufacturers can conserve energy, reduce costs, eliminate machine downtime and increase operational efficiency.

Production Flow Monitoring

IIoT in manufacturing can enable the monitoring of production lines starting from the refining process down to the packaging of final products. This complete monitoring of the process in real-time provides scope to recommend adjustments in operations for better management of operational cost. Moreover, the close monitoring highlights lags in production thus eliminating wastes and unnecessary work in progress inventory.

Inventory Optimization

IIoT applications permit the monitoring of events across a supply chain. Using these systems, the inventory is tracked and traced globally on a line-item level and the users are notified of any significant deviations from the plans. This provides cross-channel visibility into inventories and managers are provided with realistic estimates of the available material, work in progress and estimated the arrival time of new materials. Ultimately, this optimizes supply and reduces shared costs in the value chain.

Digital/Connected Factory

IIoT enabled machinery can transmit operational information to partners like original equipment manufacturers and to field engineers. This enable’s operation managers and factory heads to remotely manage the factory units and take advantage of process automation and optimization. Along with this, a digitally connected unit will establish a better line of command and help identify key result areas for managers.

To learn more about how Expense Reduction Analysts can help your business, contact us today.

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