A Structured Approach to the Future of Manufacturing
By EMC CanadaRegister
Date and Time:
Thursday, October 08, 2020
1:30 pm - 3:00 pmAdd to calendar
What is the future of Manufacturing? Is it all about advanced manufacturing, digitization, technology and automation?
Many would argue that it is encapsulated in the fourth industrial revolution as defined by Industry 4.0, which describes how industry should be evolving to deliver improved productivity, capability and performance.
If you are thinking that Industry 4.0 is just about technology improving manufacturing, then you are missing an extremely key point. Industry 4.0 is not about technology and is not a panacea, it’s about a philosophy and strategy for how you approach your industrial processes. Technology can play a part in helping deliver success, but Industry 4.0 is about far more than that. At its heart it is about using data to make the right decisions.
It is also not just about cost savings and efficiencies, it covers all aspects of industrial processes from production to supply chain, in many sectors from manufacturing to energy, from transportation to food.
As with the previous industrial revolutions (mechanization, mass production, automation) over time it becomes a story of survival, those companies that adopt new approaches and ways of doing things survive others do not.