The benefits of Industry 4.0
Industry 4.0 comes with various benefits:
- It increases productivity: Industry 4.0 increases productivity because more can be produced faster. Industry 4.0 reduces downtime, leading to more production.
- It increases efficiency: Since Industry 4.0 reduces downtime, more products are produced faster.
- Flexibility: Industry 4.0 makes your industry or manufacturing process flexible as you can easily scale production up or down. It is also easy to introduce new products to a production line.
- Cost reduction: Industry 4.0 reduces production or manufacturing costs due to automation, IoT, and other technologies that have been integrated into the manufacturing processes. However, you will need to invest some amount of money at the setup stage.
- Increased revenue: Industry 4.0 increases revenue due to automation and other industry 4.0 technologies that have been implemented. Less staff will be required to carry out tasks in many cases.
- Worker...