Industry 4.0 - The New Industrial Revolution
Industry 4.0 is a digital transformation
Industry 4.0 is the use of modern technology and control systems that utilize digital services to improve control of the supply chain through automation. Technology’s impact on traditional manufacturing and industrial platforms is becoming even more important, and staying ahead of the changes in technology is necessary to ensure competition in the market.
Large-scale Smart Technology deployments establish automated and self-monitoring solutions that empower the workforce to better invest their time in meaningful work. Advancements in data collection, production line automation, and even artificial intelligence mean businesses can move faster and serve end customers more efficiently.
Business is Changing, Industry 4.0 is the solution
eCommerce Sales Growth
- 21% annual growth in global eCommerce towards 2019.
- 3 out of 4 people will own a mobile-connected device by 2030.
- Ready for cloud computing, eCommerce website, and Internet of Things (IoT).
Automation and Robotics
- $152.7 billion in estimated global market for robots and A.I. by 2020.
- Increased labor costs drive automation in many countries.
Increased Global Urbanization
- 91% of global consumption growth generated in cities from 2015-30.
- Growth in commercial real estate costs force businesses to look for space-efficient solutions.
Demand for Speed and Accuracy
Omni-channel consumers look for a seamless shopping experience, creating a demand for smart logistics and inventory management.
Industry 4.0 Thinking
Industry 4.0 Thinking is ingrained in the KPI design philosophy and includes analyzing the problem from multiple viewpoints:
- Intuitive Interfaces
Industry 4.0: The Intelligent Digital Supply Chain
Industry 4.0 uses an Intelligent Digital Supply Chain. Through the use of blockchain, artificial intelligence and machine learning, traceable supply chain, connected devices, big data, and advanced warehouse controls businesses are able to increase the flow of goods, without degrading the quality of service.
Boost in eCommerce Sales
Estimated double-digit growth in eCommerce sales through 2030
3 out of 4 people will own a mobile-connected device by 2030
Automation & Robotization
Industry 4.0 $152.7 billion in estimated global market for robots and A.I. by 2020 with double-digit growth expected through 2030
Increased Labor Costs drive automation in many countries
Growth in Global Urbanization
91% of global consumption growth generated in cities from 2015-2030
Growth in commercial real estate costs force businesses to look for space-efficient solutions
Delivery Speed & Accuracy
Omni-channel consumers look for a seamless shopping experience, creating a demand for smart logistics and inventory management