The term “Industry 4.0” is often used interchangeably with “Smart Manufacturing.” Despite widespread public confusion and initial business reservations about Industry 4.0, the benefits appear to be very promising. It is expected that over the next five years, an AI system will be able to run computers autonomously.
Additionally, AI benefits businesses by improving operating efficiency. It can further shorten time to market and reduce factory safety incidents. By connecting business data end-to-end, from supply chains to manufacturing, delivery, and use, AI will alert employees to both possible challenges and opportunities.
The first step in Implementing Smart Manufacturing in real scenarios is to collect data from a variety of structured and unstructured sources. It could be from IoT and IIoT systems, HMIs, PLCs, ERP, and CRM systems, as well as manual data records. Integrating data on raw materials, processing, manufacturing, shipping, distribution, and transportation all the way down to the customer level adds increasing value across the entire manufacturing supply chain.
But data collection and aggregation is the first step. The real value is realized by what businesses do with the data. Some go down the path of data visualization to understand data better. But advanced AI systems like #MakoroAI aggregate, correlate, and analyze this data in order to make recommendations that directly impact business outcomes and drive workforce adoption.
Makoro™’s always-on, secure and scalable asset performance solution. It is powered by #AppliedArtificialIntelligence and #PredictiveRecommendations gives you the edge in the fast paced #Industry40. Thereby reducing the downtime and maintenance costs.
Sign up for the Makoro™ 10-Day Outcome Challenge and see the results yourself.