The economy is at the beginning of the next major industrial revolution, and technology is the driver,this time as the heart of
both the production of many different products and as a core intelligentcomponent of the things we use every day.
Digitization has long since moved into factories, and is now enabling operations in which humans workside by side with
intelligent machines.
“Industry 4.0” is the catchphrase widely used to describe digital networking in the manufacturingindustry.
Industry 4.0 is the fourth industrial revolution after the mechanization of production in the 18th century, the electrification of production and the introduction of assembly lines in the late 19thcentury, and, finally, the
automation of production beginning in the 1970 s and continuing ever since.
This fourth revolution is set to raise automation to a new level, marked by the unstoppable march ofinformation technology through all areas of industry, also known as the Internet of Things.
Now businesses are gearing up to invest almost a trillion dollars a year in the digitization of productionaccording to a global study by PricewaterhouseCoopers based on answers from managers of more than 2000 companies in nine areas of industry.
Over the last two to three years, many companies across all industries have made major strides in this transformation
process. Innovative developments in fields of artificial intelligence, virtual reality or smart factories, to name only a few, are already showing great promise in execution.
It is clear that Industry 4.0 is and will remain a major business and societal topic for the foreseeable future in all industries.
In our experience from leading a consulting company for various industries in several countries, we have seen how digital technologies have become part and parcel of serving customers around the world, optimizing a vast global supply chain,
logistics operations and information services operations.
Even though these technologies are often behind the scenes, they impact our lives every day and are blazing a trail for
Industry 4.0.
We recognize the potential of digital technologies to advance every part of a company, especially in areas such as logistics, engineering, production, procurement, supply chain, marketing and sales.
In Industry 4.0 we come across many concepts and techniques such as: IOT, Data Analytics, Digitization, IIOT, AI, Deep
Learning, Machine Learning, Computer Vision, RPA, Digitized Supply Chain, Big Data, Augmented Reality, 3D Printing,
Cloud Based Applications and of course the so-in now Blockchains.
While addressing cyber-security concerns and preparing for continuously increasing and inevitable risks, the Industry 4.0 transformation offers huge opportunities – for all industry segments.
Especially process industries who already have relatively high levels of automation. Digitization promises a major efficiency boost for production operations and maintenance as well as opens up new opportunities for the automated manufacture of flexible, highly differentiated product offerings.
Moreover, research and development will benefit too. For example in areas including new material modeling simulation and analyzing research data as it has been done for many years in the high tech industry.
Secondly, industries are a part of a highly interconnected value chain. The interlinking and analysis of unimaginably large volumes of data, created not just within a company itself but within every step from raw material sourcing to end product usage in a customer’s product, raises transparency and drives monetary value to be realized.
We in Symbios solutions help you to smartify your industry with a team of experts we see where opportunities are; and design industrial system that enable achieving the digital transformation in your industry. We don’t believe in
transformation for sake of change but we assess what is really needed