The manufacturing sector continues to experience major challenges due to developments in technology, product life cycles becoming shorter, an increase in customers with specific requests, resources becoming limited, and globalisation. However, these issues can be resolved with the development of innovative business models and new product and service offers.
Thanks to smart and digitally networked technologies, most production systems will eventually become linked to advanced communication and information systems at some point in the future. This will particularly impact the machinery and production equipment sector, as products and solutions will all play a crucial role in regards to Industry 4.0, regarded as the fourth industrial revolution.
Industry 4.0 (which is also commonly known by its original German name, Industrie 4.0) can be described as information and communication technology becoming merged with the manufacturing industry. It is a new method of organising and controlling the whole value chain throughout the lifecycle of products. This cycle is designed to accommodate the continuously growing unique customer requirements and new ideas for products, their development, the manufacturing process, and the delivery of the product to the customer.
This cycle is determined by the availability of all pertinent data in real time by connectivity of all instances related to value creation, and the capability to obtain the ideal value creation flow from the data at every point in time. Connecting people, objects and systems produces additional value networks for different companies working together that are vigorous, can be self-organised, and can be optimised in real time in accordance with factors related to the relevant costs, product availability, and how many resources are being used.
Contact HYDAC Today
HYDAC makes use of Industry 4.0 technologies to ensure our customers receive optimal service, from product acquisition right through to support and training. Contact HYDAC today by calling 1300 449 322 to learn more.
