Manufacturers produce more raw data than any other industry, yet many are just scratching the surface when it comes to using data to gain value and increase revenue.
Unlike traditional SCADA and MES systems, the new generation of IIOT technologies can collect much larger amounts of data, visualize it, and put it in a context that leads to improvements in performance and profitability.
Early adopters of IIOT initiatives agree that In order to understand the true potential of Industry 4.0, manufacturers must align digital initiatives to financial impact.
An example of how Industry 4.0 solutions in manufacturing can positively impact the bottom line can be seen in the results of IDC’s Digital Initiative Study. It conducted an analysis of industrial organizations, comparing companies with digital initiatives in place and those without.
The chart illustrates a clear advantage for organizations that have embraced new technology initiatives, with significant improvements in both revenue and profit.
Another study by Deloitte and the Manufacturer’s Alliance for Productivity and Innovation (MAPI) found that early adopters of Industry 4.0 technologies saw an acceleration of business value creation, including:
The Deloitte study also concluded that adopting IIOT / smart factory technologies will likely result in threefold productivity improvements over the next decade.
Improve Your Bottom Line with Automation Intellect
Manufacturers using Automation Intellect gain real-time, remote visibility into machine and plant performance. This allows them to make immediate, data-driven decisions that increase productivity and operational efficiencies, yielding the following improvements:
-
Increase Revenue with Insight into Downtime (case study)
-
Increase Revenue by Improving Production Efficiency (case study)
-
Rapid and Consistent OEE Improvement (case study)
