Industry 4.0: Business Value, Business Opportunities and Business Challenges

In this whitepaper, we aim to get behind the buzzwords and jargon and look at the business value, the business opportunities and the business challenges surrounding Industry 4.0. We will take a business-led perspective, rather than a technology-led perspective. Technology

We will take a business-led perspective, rather than a technology-led perspective. Technology is of course the enabler. But to a certain extent we will leave the technology to one side for now whilst we look at what it really means for your business.

There is a definite clamour around Industry 4.0 at the moment. Incidentally, the dictionary definition of clamour is ‘a loud and confused noise’…

From the businesses we speak to, there seems to be the overall feeling of ‘we know we should be doing something, but we’re not really sure what or how’. There is also strong messages getting played out to businesses that they better do something sooner rather than later or they risk getting left behind by their competitors, both locally and globally. Undoubtedly that could be the case for a lot of businesses. But there’s no point in having technology for technology’s sake. So what parts of Industry 4.0 are right for your business? It is key that the upfront work is done to really understand what is going to drive the highest value into the business, what problem is it solving, where is the biggest benefit.

As technological advances abound at pace for the industrial sector, there is huge business value at stake, massive opportunities to be seized, and of course, plentiful challenges to be overcome.

It is certainly exciting times in the manufacturing and supply chain world.

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