Industry 4.0: What businesses need to know

By Barclay Ballard for ITProPortal:  In order for businesses to prepare for Industry 4.0, they first need to understand the technological driving forces behind it, including the Internet of Things. Although mainstream examples of IoT devices are relatively limited at the moment, in the future connected objects are expected to revolutionise a whole host of business sectors. In the same way that new manufacturing processes brought about huge upheaval during the Industrial Revolution, the Internet of Things is also predicted to bring wholesale changes to industry.

“The Industrial Internet of Things (IIoT) has been described as a crucial step in the Fourth Industrial Revolution or Industry 4.0,” explains Martyn Williams, managing director of industrial automation software expert, COPA-DATA UK. “Using IoT technology, organisations are developing smarter infrastructures and building connected networks across entire manufacturing processes.”

Some of the key changes predicted to emerge as the Internet of Things is adopted by industrial firms include the following:  Cont'd... 

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

MRPeasy - ERP for Small Manufacturers That Delivers Results

MRPeasy - ERP for Small Manufacturers That Delivers Results

Always know what you have in stock and what you'll need to fulfill orders. Never forget to order parts on time or fail to notice a late delivery from your vendor. Easily create manufacturing orders and schedule them automatically according to resource availability or delivery deadline. Generate accurate cost and lead time estimates and provide customers with quick quotes. Receive notifications when orders are late or inventory levels reach a critical point. Ensure seamless communication between sales, production, warehousing, procurement, administration, and finance. Integrate with popular accounting, CRM, and e-commerce apps. MRPeasy is an ERP software for small manufacturers that gives you all that and more. Our users report a 54% average improvement in the overall performance of their business and a 42% increase in on-time deliveries. Try for free, no credit card needed.