Master these 5 challenges of Industry 4.0 to make your business fit for the future

September 07, 2018

To remain competitive, the transformation to Industry 4.0 is essential. Artificial intelligence and robots are only part of the story.

Market development

We move from a manufacturing company to a service company. Due to lower hardware margins, this conversion has become a crucial strategy. In order to increase profit margins and build closer proximity to the customer, the ability to sell production-as-a-service becomes more and more attractive.

Invest in new technology

Harvest the fruits of new technologies like IoT and Data Science. Not only are they mature and affordable, but they are the pillars of transformation into a service society.

Support the organization model

Evaluate your organizational model and how users are empowered and empowered. Make sure that the relevant know-how is provided to people at different levels of the organization. An increase in knowledge distribution, collaboration, and user performance drives efficiency and leads to added value. 

Sustainable production and traceability

Market and customer requirements are becoming ever more complex. The shift from mass production to mass customization, mass customization, is placing increasing demands on environmentally friendly and sustainable production and reducing waste to a minimum. The key is to process more information and create knowledge to improve versatility and traceability.

Social impact

Social impact comes from selling globally and producing locally, while minimizing disruption to the value chain. The globalization of markets has already taken place and one of the biggest benefits is that you can share experiences around the globe to support local customers and keep the value chain intact.

How can TechniaTranscat help you?

We have invested in a software development company that develops applications based on IoT and data science. The ProductInUse application boosts aftermarket sales and adds value through the use of information from the production system.

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