The ROI of Industry 4.0: Translating operational value into business value

As a production manager, you likely spend plenty of time wondering if today’s orders are running on time, how to improve the productivity of temporary workers or how much capacity is available for the week. These are all important operational issues that directly impact the factory’s bottom line. But what about the company's executive leaders? Their concerns are probably much different: cost and price optimizations; capital budgeting; and strategic goals. In short, they’re worried about business issues instead of operational issues.

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Topics: Digitization & IIoT, Industry 4.0

The business case for Industry 4.0: Enabling continuous improvement

The concept of kaizen, or continuous improvement, has long been deeply rooted in the manufacturing world. Popularized by Masaaki Imai’s 1985 book Kaizen: Japanese Spirit of Improvement, the concept originated in Toyota factories following World War II.

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Topics: Digitization & IIoT, Data-driven production, Industry 4.0

Three tactics to improve OEE

Calculating OEE seems relatively simple because the metric includes three variables: availability, performance and quality. But we often see that production managers have insufficient data to measure these, or that OEE calculations are too subjective to be accurate.

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Topics: Digitization & IIoT, Data-driven production, Industry 4.0

The case for a step-by-step digitization journey

Achieving Industry 4.0 requires much more than simply connecting all your factory’s devices to the internet. It’s a process that requires an entirely new approach to business and operational processes, enabled by robust technologies. Acatech’s Industry 4.0 Maturity Index offers an excellent means for visualizing the process of digitalization, which illustrates it as a series of steps.

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Topics: Digitization & IIoT, Industry 4.0

Understanding the ROI of Industry 4.0 projects

The World Economic Forum estimates that by 2020, corporate investment in new technology will reach $2.4 billion per year globally. Investment in the Industrial Internet of Things (IIoT) is expected to comprise much of that investment, as organizations strive toward Industry 4.0.  

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Topics: Digitization & IIoT, Industry 4.0

The future of AI in German manufacturing

Since the term Industry 4.0 was introduced at the 2011 Hanover Fair, Germany has been intensely focused on progress toward smart manufacturing through automation, data exchange and artificial intelligence (AI).

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Topics: Digitization & IIoT, Industry 4.0

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