Today, Industry 4.0 or the Fourth Industrial Revolution is a big buzzword in business circles. According to several industry stalwarts, it has the potential to revolutionize the world in ways that cannot be even imagined. What exactly is Industry 4.0 and how it can change our world? Why should business owners and businesses do to take advantage of the Fourth Industrial Revolution?
What Is Industry 4.0?
The Fourth Industrial Revolution or Industry 4.0 emphasizes heavily on automation, machine learning, real-time data, and interconnectivity. Also referred to as smart manufacturing, it synchronizes physical production and operations with Machine Learning, Big Data, and Smart Digital Technology to create a better connected and holistic ecosystem for organizations that emphasize on manufacturing and supply chain management.
Today, every organization is different but all of them face a common hurdle – they need to access and stay connected to real-time insights across products, people, partners, and processes. That’s where Industry 4.0 comes into the fray. It is worthwhile to note here that the concept of Industry 4.0 is more than just investing in advanced tools and techniques for improving the efficiency of manufacturing operations. Industry 4.0 is also about revolutionizing the way every single operation of your organization happens and evolves, today and tomorrow.
Technologies Driving Industry 4.0
Several technologies are being used in Industry 4.0 to achieve goals and objectives. Among them are:
Artificial intelligence (AI)
Artificial Intelligence has been the most powerful technology known to mankind. This technology allows computers to think and act like humans and some of the functions that computers powered by AI can perform are: drawing conclusions, processing information, recognizing intricate patterns, and making recommendations.
Complex and sophisticated robots are changing the way businesses are performing and handling operations these days. Today, robots are everywhere and aiding manufacturing, workplace safety, healthcare, and replacing or complementing human assistance in controlled applications.
Virtual Reality (VR)
Virtual Reality provides immersive digital experiences that are simulating the world around us. On the other hand, Augmented Reality provides the unique ability to merge the physical and digital worlds.
Internet of Things (IoT)
Cloud Computing is utilized by the Internet of Things to automate systems, store data, and process devices that are connected to the internet that makes them identifiable by other connected devices for management and control. No wonder, the Internet of Things has found its way big time into the processes and sub-processes in the manufacturing and production processes.
Why You Should Become A Part of Industry 4.0?
Industry 4.0 is ideal for you if:
- You want improved visibility across your supply chain.
- You want to quickly and comprehensively address issues before they escalate.
- You are in a highly-competitive industry that is characterized by a lot of tech-savvy peers.
- You want to clearly define and streamline every single process across your organization.
- You want to improve profitability and efficiency throughout your organization.
- You want to provide delighting customer experience and improve customer satisfaction.
- You want to access real-time insights to make better and faster decisions.
- You want to keep or improve the quality of your products and services.
- You want a comprehensive, flexible, and consistent view of business and production operations.
- You want to have an integrated enterprise resource planning system across your organization.
Benefits Of Adopting An Industry 4.0 Model
The widespread introduction and popularity of Industry 4.0 have truly been the disruptive forces for business owners and managers to embrace more streamlined production and planning practices. Not only this, Industry 4.0 has powered organizations with more robust, holistic capabilities to better serve demand planning, modeling, and forecasting platforms.
Increase In Productivity
A huge majority of businesses, irrespective of their size of operations or line of business, which have embraced Industry 4.0 have reported massive improvements in manufacturing capabilities, sales, and profits year over year. This is simply because the primary driver of productivity growth in today’s smart factories and organizations is the unique ability to predict and prevent downtime. Furthermore, Industry 4.0-powered solutions and technologies are helping organizations optimize maintenance and effectiveness like never before to bring down operational costs and maximize profits.
Reduction In Operating Costs
Industry 4.0-powered technologies such as the Internet of Things and Machine Learning can go a long way to reduce rework and waste through real-time production monitoring and quality control. Moreover, Predictive Maintenance can prove its efficacy for preventing unplanned downtime and costly repairs. The use of 3D printers can be made by organizations for achieving faster prototyping and minimize the cost of engineering and accelerating time to market. In addition to these advantages, higher automation can be deployed by revenue-driven organizations to save labor costs and improve throughput.
Improvement In Product Quality
Better product quality is one of the biggest benefits of digital technologies. For instance, data points can be derived at every single point of production through real-time quality control. Digital technologies can also be used for finding out how production gets influenced by different employees, how changing heat levels can impact product quality and more. Over time, this critical information can be used for reducing or even eliminating technological inefficiencies, production hurdles, and customer returns that happen when products do not meet specifications.
Let us now find out how Salesforce, the world’s number one customer relationship management company, is assisting and guiding organizations in today’s era of the Fourth Industrial Revolution.
Solutions Offered By Salesforce For Industry 4.0
Information is critical in any sales cycle. Through its Cloud feature, Salesforce allows sales teams to collect and utilize relevant information that enables them to make time-critical decisions in the sales ecosystem and process. This happens right from the initial phase of the sales cycle to the last point of the involvement of customers as well as the comprehensive process of lead creation.
The best thing is that Artificial Intelligence embedded in Salesforce facilitates the generation of automated forecasts that prove to be of great value when it comes to formulating and implementing business decisions.
Development Of Multichannel Client Service Solution with Service Cloud
A big majority of customer service departments are somehow non-revenue generating in nature. With the Salesforces Service Platform, it is possible to transform the customer service department of a profit-driven organization into a profit-generating wing. This can be facilitated by providing up-to-date and simplified client information to agents and technicians and it is possible through the integration of IoT into the IoT Cloud of Salesforce.
Unique and delighting Customer Experience with Marketing Cloud
Salesforce, through its innovative Marketing Cloud, provides a unique capability for organizations to collect all the information relevant to their goals and track all their customer journeys for profitable and efficient communication.
Managing Relationships with Community Cloud
Can anything be more wonderful and meaningful for a business than to remotely access its valuable data from any part of the world and at any given time? This is now a practical possibility with the Salesforce Community Cloud. With the Community Cloud solutions on your side, you can remotely share and update contacts between Conclusion the sales team of your organization and other partners.
Industry 4.0 is here to stay and it will surely not be right to dismiss it as just another marketing buzzword. With Salesforce entering the world of Industry 4.0 in its own unique ways, better things can be expected to happen in the near future.
If you are looking for a Salesforce Development Company or a Salesforce Consultant to guide your business on how to get on top of the game, get in touch with Cloud Analogy, the world’s most preferred Salesforce development specialist and the provider of Salesforce Consulting Services.