There is no stopping an asset from getting older……and aging plant assets can create a number of challenges for industrial organizations: Frequent breakdowns Disruption Decreasing efficiency According to the former CEO of Factora, Charles A. Horth in an article published in Industry Week: “three categories of business drivers should drive IIoT decisions: Pain: What must […]
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Panel Sponsored by and The Industry 4.0 revolution brings with it a new operational risk for connected, smart manufacturers and digital supply networks: cyber. Industrial Cybersecurity should be an integral part of the strategy, design, and operations from the beginning of any new connected, Industry 4.0–driven initiative. In light of Industry 4.0, our expert line […]
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Existing maintenance solutions limit production. With the legacy tools and processes at their disposal, manufacturers commonly take reactive or scheduled maintenance approaches that present a multitude of challenges: Existing Maintenance approaches are costly: Up to $1.3M per hour cost of downtime in auto manufacturing (Source: PTC) 10x cost of unplanned downtime compared to planned (Source: ARC Advisory […]
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Today, the traditional concept of the large, static factory is becoming an outdated relic, thanks to Industry 4.0. 3D printing, the Industrial Internet of Things (IIoT), and advanced human-machine interfaces are just some of Industry 4.0’s applications and components that are reshaping the manufacturing world. Industry 4.0 Makes Fabrication Portability Possible Since we live in […]
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Digital tools that have been developed with the advent of Industry 4.0 can equip manufacturers with the foresight and resiliency they’ll need to recover from the COVID-19 crisis, and manage other incidents that may arise in the future. Companies that survive the pandemic’s initial impact will face hard questions from their board on their resiliency. […]
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Today, survival of the fittest is linked not to size or strength but to the ability to change — to move quickly, adapt, seize opportunities, and be agile. In addition, competition has never been higher in manufacturing, and with more companies competing for the same customer base, differentiation is a challenge. The ability to innovate […]
Read more →![[Best Practices Guide] How To Thrive in the New World of Manufacturing](https://iiot-world.com/wp-content/uploads/2020/05/young-master-hardhat-bearded-engineer-discussing-technical-sketch-display-tablet-factory-workshop-1024x683.jpg)
Technology Is Disrupting Manufacturing, But It’s Also Offering New Opportunities for Workers and Companies To Thrive Manufacturers today face significant challenges due to disruption from technology, generational change, worker retraining and international pressures. These challenges present manufacturers with more opportunities than ever before. For example, technology is helping to improve safety, reduce waste and increase […]
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As global competitive pressures have driven changes and higher expectations for manufacturing organizations, enterprise technology in manufacturing must respond at an accelerated pace today. Largely the result of fundamental changes enabled by transformative technologies, new and novel opportunities for industrial organizations are looming. This provides the capacity to leverage the role of industrial analytics and use […]
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Internet of Things is no more a technological breakthrough. Industrial applications have been faster in adoption of IoT and it has been playing a significant role for businesses that requires internal tracking, attaining near to zero error with less manual intervention, enabling machine to machine talking along with prognostic maintenance. RFID chips and other sensors […]
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Irrespective of industry or activity, when a human is performing a task, there is a possibility for error. There are numerous studies showing the impact of inadequate procedures towards human error, which led to severe incidents, significant downtime and overall operational losses. As companies begin to embrace digitalization via IIoT, a key challenge still remains: […]
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We all know something big is happening “out there” in industrial operations around the globe. Companies are going beyond standard practices in Continuous Improvement (CI) as they seek step change improvement. Among them, programs go by a range of names: Digital or Industrial Transformation, Industrie 4.0, Smart Manufacturing, and many others. Whatever your company calls […]
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Many articles and posts on digital transformations and Industry 4.0 focus solely on technology enablement. In doing so, they underestimate the negative impact of poor organizational alignment. Assuming that employees can do both their day job and be handed a new set of responsibilities for digital initiatives will negatively impact the potential value of such […]
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