The move to industry 4.0 has begun with more companies joining in the race to adopt it early. The high stake approach, with its even higher benefits, is the solution that manufacturing is looking for.
What does manufacturing want?
Manufacturing is looking for higher efficiencies in production. At the same time, it wants to have the ability to deliver a broader mix of customized product. It is obvious that this requires integration between operational processes and production lines and a reduction in lead times. While this helps it to stay competitive, there is a catch. It has to be achieved with zero compromise on safety and quality.
What helps to manufacture in this case scenario?
Internet of Things. The new age way of connecting physical objects like sensors to the internet, using smartphones is the answer to its woes. In factories, the IoT is passing milestones, becoming the preferred option for localized usage. The reason behind it is that is making smart manufacturing with mobility, security, and reliability a possibility.
In North-east Asia alone, the adoption of mobile IoT connections is set to surpass 4 billion by 2024. This translates to digitalization of almost all factory components that are essential – processes, vehicles, assets, and equipment.
What this also means is that the early adopters have chosen not to wait and watch for 5 years. With the opportunity to learn best practices from operators while at these early adopters have an edge. They have the space to pilot new uses thereby having the advantage of novelty and innovation. A significant number is already using 4G. With 5G in the wings, one can hope for scalability.
5G Tech in Perspective and the Upcoming Gathering at Davos:
The manufacturers gathering at Davos have embraced 5G. They are looking at IoT for delivering of ultra-low latency, high bandwidth, and reliable communication in order to achieve responsible consumption and production in their factories. Business and thought leaders can use this opportunity to applaud them for the risk appetite.
The bet is on what IoT with 5G can deliver. It is expected to enable connectivity in with sensors and cloud robotics. The solutions promise assistance in centralized tracking of goods and also in conducting a remote quality inspection. Besides, it allows for automated factory floors. All this, in turn, keep operations in a factory integrated and also factories integrated, including third party partners. The ecosystem, thus, creates smart manufacturing centers across the globe.