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Industry 4.0 is revolutionising the production, enhancement, and distribution of goods. Manufacturers have increasingly implemented the latest technologies, such as cloud computing, the Internet of things, artificial intelligence (AI), machine learning (ML) and other such advanced technologies into their automation processes.
Computer intelligence and automation are converging in ways that can revolutionize all sectors. Smart machines will begin to share and complement the functions of humans in production, which will transform business processes and reshape the role of people in this sphere. Industry 4.0 represents the fulfilment of digital transformations long sought after by various sectors.
Industry 4.0 will change existing manufacturing into smart factory production, changing business processes and reconfiguring the role of people in this environment. The realization of digitization, as envisioned by all industries, is Industry 4.0. It is the key to maximizing the manufacturing potential of every business. There has been an increase in Industrial Automation store, which provide all types of Industrial Automation Products.
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Role of Industrial Automation 4.0
Industrial automation and Industry 4.0 increasingly prioritize task margins of mistake reduction over efficiency and profitability. Additionally, it makes manufacturing processes substantially more flexible and of higher quality. Roles that were automated under version 4.0 include:
- IoT: The phrase "Internet of Things" (IoT) describes connections between real-world physical objects like machinery or sensors and the Internet.
- IIoT: The phrase "Industrial Internet of Things" (IIoT) refers to how machines, data, and people are linked in the production process.
- AI: A computer can perform tasks that earlier required some human intelligence.
- Cloud Computing: It is the use of networked distant computers hosted on the Internet for the processing, management, and storage of data.
Advantages of Industrial Automation in Industry 4.0 and the smart factory
- Cost-effectiveness: Industrial automation can save companies money in labour costs, with some estimates suggesting that automation can reduce labour expenses by up to 70%. (Source: McKinsey & Company)
- Saves Time: Automation can also save time by improving the speed and accuracy of processes. According to a study by Deloitte, automation can reduce process time by up to 90%.
- Competitive advantages: A study by Capgemini found that industrial automation can lead to a 30% increase in productivity, a 40% reduction in downtime, and a 15% increase in output quality.
- Flexibility & Scalability: According to a survey by PwC, 87% of companies that have implemented Industry 4.0 technologies have reported greater flexibility in their production processes.
Challenges Faced in the Industry 4.0
- Human Factor: According to a study by the World Economic Forum, automation is expected to result in the loss of 75 million jobs by 2022.
- Investment and infrastructure: According to a report by Accenture, companies are expected to invest $907 billion in Industry 4.0 technologies by 2020.
- Strategic Plan: According to a survey by Deloitte, only 14% of companies have a comprehensive Industry 4.0 strategy in place.
Takeaway
Automation and robots are helpful tools for motivating current employees and boosting their productivity. Tasks involving programming and functionality engineering are also intriguing initiatives for them to get involved with. Productivity improvement can be achieved with the technologies without relocating or extending an expensive factory. The technologies allow you to maximize your workflow and production within a given space. We are the best Industrial Automation Equipment store providing Industrial Automation spares parts supplier services, and high-quality Automation services to our customers.
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