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Industry 4.0

The Fourth Industrial Revolution (or Industry 4.0) is the ongoing automation of traditional manufacturing and industrial practices, using modern smart technology. Large-scale machine-to-machine communication (M2M) and the internet of things (IoT) are integrated for increased automation, improved communication and self-monitoring, and production of smart machines that can analyze and diagnose issues without the need for human intervention.

Increased Productivity and Efficiency

In simple terms, Industry 4.0 technologies enable you to do more with less. In other words, you can produce more and faster while allocating your resources more cost-effectively and efficiently.

Increased Knowledge Sharing And Collaborative Working

Traditional manufacturing plants operate in silos. Individual facilities are silos as are individual machines within a facility.

Flexibility And Agility

The benefits of Industry 4.0 also include enhanced flexibility and agility. For example, it is easier to scale production up or down in a Smart Factory.

Makes Compliance Easier

Complying with regulations in industries like pharmaceutical and medical device manufacturing does not have to be a manual process.

Better Customer Experience

Industry 4.0 also presents opportunities to improve the service you offer to customers and enhance the customer experience.

Reduces Costs

Becoming a Smart Factory does not happen overnight, and it won’t happen on its own. To achieve it, you need to invest, so there are upfront costs.

Higher Revenues

Many of the above points can result in higher revenues for your production facility.

Increased Profitability

You will achieve this Industry 4.0 benefit through many of the points above including higher revenues with reduced costs.

Getting A Return On Investment

Industry 4.0 technologies are transforming manufacturing across the world. The benefits of Industry 4.0 and potential return on investment are what is truly important, though.