The fourth major industrial revolution. Industry 4.0 the current trend of automation and data exchange that is disrupting the manufacturing industry and leading to never before seen levels of efficiencies. It includes cyber-physical systems, IoT, Cloud Software and cognitive computing all meeting to provide a highly integrated ecosystem of technology.
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Industry 4.0 for Australian Manufacturers
With Industry 4.0, Australian manufacturing is transforming. Klugo’s founding members have a long history within the manufacturing industry with the supply of high quality technology and software for over 38 years. Our in-depth and first-hand experience provides an understanding of where the industry is heading.
Over the next 20 years, Australia’s manufacturing industry will evolve into a highly integrated, collaborative and export-focused ecosystem that provides high-value customised solutions within global value chains. Australian Manufacturers will focus on pre-production (design, R&D) and post-production (after-sales services) value-adding, sustainable manufacturing and low volume, high margin customised manufacturing.
While there are strategic growth opportunities for Australian manufacturing, turning them into reality will require significant technological innovation and transformation. Industry 4.0, the “4th major Industrial Revolution” will assist manufactures to harness these growth opportunities.
Advanced Manufacturing is the future for Australian Manufacturers and for those embracing Industry 4.0 they will be well placed for greater success in the future.
Industry 4.0 is digital transformation applied to manufacturing, and introduces what has been called the “smart factory,” in which cyber-physical systems monitor the physical processes of the factory and make decentralised decisions. The physical systems become “IoT”, Internet of Things, communicating and cooperating both with each other and with humans in real-time via the wireless web.
As Industry 4.0 connects the supply chain and the ERP system directly to the production line this enables an integrated, automated and, potentially, autonomous manufacturing processes that make better use of capital, raw materials, and human resources.