Make the smart move!
Industry 4.0 or IoT drives improved efficiency, lower costs, higher revenues, and increased innovation.
The Internet of Things (IoT) or Industry 4.0 is shaping how we do business and changing the landscape of industry.
Every system and machine in your organisation holds data that when used effectively can provide invaluable business intelligence. By leveraging the Internet of Things (IoT) to connect these systems is a critical success factor in today’s competitive environment. The real transformation is the added value gained from a higher level of data integrity. The biggest challenge is knowing where to begin your IoT journey.
The single source of truth
Those companies that embrace the ‘single source of truth’ for all data and fuse this with benchmarking products, such as The AMIS Assessment and improvement processes will gain a 360° view that drives their business insights.
The graphic below represents the vision of tomorrow with intelligent factories, asset tagging, information data software and smart products of all kinds, communicating and collecting data. The ‘Internet of Things’ is how these technologies cooperatively drive production creating greater agility to allow organisations to innovate more rapidly and gain greater revenues.
The top six benefits of IoT:
It offers greater visibility and brings with it intelligent data and a deeper understanding of what works and what doesn’t for product and process design.
How to enable organisations to respond quickly to customer needs and market changes while still controlling costs and quality. The speed and ability to handle such a high mix seamlessly will also lower costs.
Greater automation means companies can respond quicker and remain highly efficiency. Automation keeps quality high and this is itself boosts efficiency.
- Customer experience
Today’s customers expect immediacy and the availability of fuller information results in better customer service and the ability to resolve issues quicker.
This invaluable built-in intelligence means costs will plummet. Fewer quality problems will lead to less material waste and lower operating costs.
IoT opens up larger markets, by making customised, higher-margin, intelligent products and operations as an option. These offer opportunities and services to accompany the products.
Companies that adopt additional monitoring, control, optimisation and data collection can truly leverage big data. This will allow organisations to see patterns to predict and avoid problems and these are those who will be able to compete in the most demanding markets, globally.