Industry 4.0 Technology Explained
For many business owners the terminology and technology associated with Industry 4.0 is opaque. What is the Industrial Internet of Things (IIoT), in practice? What can you do with it? What is Artificial Intelligence and how can it help my business? The articles and papers presented here are intended to demystify Industry 4.0 technology and explain to you how they are relevant to your business. If you don’t find what you’re looking for here, then contact us. Our members have a wealth of additional information available.
We want to maintain our international competitive position. But this requires innovations that help manufacturing companies to continue to distinguish themselves. Innovations that help to produce small batch sizes very efficiently. Or to use production and product data to improve quality. With a wireless factory based on 5G, manufacturing companies can take advantage of these and many other innovations. And we maintain our leading position as an industrial sector.
With data being the new oil, manufacturing companies are sitting on a veritable oil well. The machine pools with which they make their products also generate a wealth of data. Using data science and artificial intelligence, they can unlock this hidden treasure and dramatically improve their operation.
Society’s willingness to adopt new technologies is accelerating. Consequently, there’s an increasing need to introduce innovations at higher speed and lower cost. Model driven software engineering results in both cycle time reduction and efficiency improvements and therefore is essential to rapid innovation in software.
For companies that develop products or processes, Digital Twin technology will greatly improve the efficiency of your business, bring you closer to your customers and will lead to better returns and a stronger competitive position.
The ability to use software to drive innovation is a key component in the digitalization strategy of any business. High-Tech Software Cluster companies are involved in developing some of the most advanced, smart software in the world, enabling their customers to rapidly benefit from digitization and gain competitive advantage in their markets.