The goal: transform processes and increase production, efficiency and revenues.
The new world is one where humans and robotic systems work seamlessly together – with one making the appropriate decisions, the other executing to perfection.
THE BUSINESS VALUE OF DATA INSIGHT
To get there, it is vital to make use of smart sensor technology that can support the impact of Industry 4.0.
Technology that allows you to analyse data generated from production processes, giving you the insight from which to make smarter production and business decisions.
In its “Driving unconventional growth through the IIoT” report, Accenture Technology outlines examples of organisations that are successfully making the most of these technologies to create new revenue opportunities by adding to more traditional product portfolios.
TYRES AS A SERVICE
The Michelin Group, for example, are using sensors inside vehicles combined with analytics to collect and analyse data like fuel consumption, tyre pressure, temperature, speed and location. With this information they are able to advise truck fleet managers and drivers on how to reduce fuel consumption and save costs.
Michelin’s clients also have the option of paying for tyres on a per-kilometre driven basis, with tyres being offered as a service.
THE INDUSTRIAL INTERNET OF THINGS
The Industrial Internet of Things (IIoT) will not only transform manufacturing processes and the products and services you are able to offer, but it will also change future workforce needs.
Whilst the IIoT will automate dangerous or mundane tasks, it does require the development of work and industry-specific skills.
It’s because of this that IIOT will actually spark the creation of a whole new range of job opportunities that require high qualifications such as data scientists and engineers, and robot designers.
The key, as always, is to prepare for and embrace transformation; thinking about the additional value you can give to clients as part of a set of new products and services.
The opportunity is here, now; you’ve just got to go grab it with both hands.