Industry 4.0 is revolutionizing the way companies manufacture, improve and distribute their products. Manufacturers are integrating new technologies, such as the Internet of Things (IoT), cloud computing and analytics, and artificial intelligence and machine learning, into their production facilities and across their operations. Industry 4.0 refers to a new phase of the industrial revolution that focuses heavily on interconnectivity, automation, machine learning, and real-time data. Industry 4.0, encompassing IIoT and smart manufacturing, combines physical production and operations with intelligent digital technology, machine learning and big data to create a more holistic and better connected ecosystem for companies that focus on manufacturing and supply chain management.
While every company and organization operating today is different, they all face a common challenge: the need for connectivity and access to real-time information about processes, partners, products and people. While previous generations of business intelligence aspired to provide practical recommendations to business leaders, BI 4.0 is the first to actually achieve this. Now that you have a better understanding of some of the fundamental concepts related to Industry 4.0, you are ready to delve deeper into how intelligent manufacturing can revolutionize the way you manage and grow your business. Generation 3.0 introduced real-time decision panels and mobile integrations that allowed companies to take advantage of data for themselves (called self-service BI).
While implementing a new technology and a new business model can be difficult for some people to accept and adopt, ultimately, you can get the support of your team if you clearly set expectations from the start, state the purpose and benefits of investing in industry 4.0 technology, and be open and transparent with your team throughout the implementation process. Industry 4.0 enables business owners to better control and understand every aspect of their operations, and allows them to harness instant data to increase productivity, improve processes and drive growth. In these cases, companies often don't realize that a revolution is coming until their more innovative counterparts in the sector place them in an unfavorable position. One of the best ways to better understand the concept of intelligent manufacturing is to think about how it could apply to your company or to a company similar to yours.
Business Intelligence 4.0 is based on decades of data analysis and business intelligence technology, and represents the most comprehensive set of decision support solutions to date. Industry 4.0 is not only about investing in new technologies and tools to improve manufacturing efficiency, but also about revolutionizing the way your entire company operates and grows. To create a sustainable and scalable company in today's business environment, you need to use tools that help you streamline tasks, increase productivity and collaboration, and take advantage of real-time data. By equipping their teams with the powerful set of business intelligence 4.0 tools, executives can confidently enter the digital era with a renewed focus on data-driven decision-making.
Everyone shares informed, up-to-date and relevant views on business and production processes, as well as much more detailed and timely analyses. As the threat of cyberhacking continues to intensify every year, many companies are concerned that investing in cloud-based technology and pulling data from their own walls will make their businesses and data vulnerable to attackers.
