Evolution of the industrial revolution, market realities and challenges of industry 3.0, and the market developments leading to industry 4.0, the technologies that are marking Industry 4.0 possible, some case studies of how companies have benefited by moving to industry 4.0, and why this is a need for the future for every industry.
3. Market
Realities and
Challenges of
Industry 3.0
Rising raw material and component costs,
declining margins, and growing competition
Greater demand for product customization
with reduced lead times and constantly
changing requirements
Growing data from Shop-floor automation
systems and unstructured data from
customers and employees
Increasing complexity in the manufacturing
business due to siloed applications and
processes
7. The Promise of Industry 4.0
All assets inter-connected to
create a smart, self-
managed digital
environment with IIoT and
Cognitive Intelligence
A Digital Supply Chain that
integrates enterprise
processes and applications,
like ERP, CRM, SCM, MPS,
etc.
Real-time analytics to turn
data from components,
machinery, and customers
into valuable insights
A Connected Equipment
Operations Center to
manage the entire setup
8. Some Companies Benefiting from Industry 4.0
Harley-Davidson’s Industry 4.0-
enabled factory
Builds 1,700 bike variations
on one production line
Ships an individualized bike
in ~90 seconds
Costs down 7%, net margin
up by 19%, time to build a
bike reduced from 21 days
to 6 hours
Coca Cola’s Smart Vending Machines
Consumers create own soda by mixing their favorite flavors in seconds
Sensors monitor flavor syrup levels in each machine and alert supply
chain to replace what’s running low
Coca cola tracks customer mixes to understand preferences to develop
new canned sodas
9. Industry 4.0: A Need for the Future
Autonomous
Vehicles
On-Demand
Manufacturing
Self-rectifying
machinery
Robots for
machinery,
children, surgery
farms, etc.
Cyber-Physical
Systems
Safety from
Accidents
10. Is your IT
ready
for it?
Corporate IT can no longer be used to just drive
operational efficiency in organizations.
Organizations understand the need for digital
transformation, but IT is seriously challenged in
delivering it, thanks to legacy technologies and mindset
Underlying systems need to be upgraded to support
innovation
Legacy systems are ineffective in supporting modern
software that organizations choose to deploy