Industry 4.0 technologies are transforming the manufacturing industry. ‘Smart factories’ using automation, Internet of Things (IoT) technology and cloud computing are becoming the new norm. But what impact is Industry 4.0 having on the business side of manufacturing? What does ‘Business 4.0’ really look like?
Will new technology make sales, marketing, customer service, and other critical teams obsolete? The answer to this question is way more complicated than a simple yes or no.
Think Big Data is only used in business and marketing management? Think again.
The number of manufacturing companies using Big Data analysis is growing significantly, as the benefits of the approach are becoming much more apparent. Big Data analytics can be used to anticipate and calculate the outcome of various internal practices, allowing companies to tackle any production, management or distribution issues they have.
Discover three of the ways that manufacturing companies are using big data below.1
With the increase in globalization, a flagging economy and a customer demanding more by the day, manufacturers of all shapes and sizes are finding themselves a little stuck. The odd peak here and there when the industry is on the up are short and sweet, and manufacturers soon find themselves back where they started. Business Intelligence software for manufacturers is now becoming an answer to many of the industry’s questions.
Manufacturers are of course trying to work out what causes slumps in the industry