14/11/2024
Yesterday I went to the EMA workshop for manufacturer's on the impact of Industry 4.0, and how to ensure your business is not falling behind.
New Zealand is lagging behind in productivity and itâs easy to see why with these challenges that people in the room were dealing with:
đšSkill shortages; younger people simply do not want to do the work that older workers are doing
đšSkill losses; related to the above as skills are not getting passed down
đšMaintaining quality and reducing errors
đšSystems orders and communication between systems
đšRemoving siloâs to get information floiwng between all parts of the business; partly a human problem but also systems
đšAccess to real time data
Each of these challenges impacts productivity and ultimately, the bottom line.
How are manufacturer's solving these?
Industry 4.0 is designed to help improve productivity through things like:
* Cloud computing
* Internet of things IoT
* AI
* Automation; cobots and robots.
One of the fastest paybacks mentioned was cobots. Robots who you work alongside. They do the repetitive work like putting screws in or stripping wires while humans do the more complex work.
While Industry 4.0 covers a lot of the backend operation, itâs impact eventually reaches the front-end - the start of the customer journey.
How is it transforming website customer experiences?
What weâre seeing is businesses taking their digital transformation right through to the customer-facing side âtheir websites.
Once backend systems are integrated and optimised, e-commerce becomes a natural extension of the transformation. It allows businesses to deliver all those efficiencies, data insights, and customer service improvements directly to customersâwhile also driving cost savings and competitive advantages.
For example, with a fully integrated system, product data, inventory levels, pricing, and order updates flow seamlessly from internal tech (ERP, OMS, EDI) straight to the e-commerce platform.
And guess what is becoming most important?
đĽSpeed
đ¤¸ââď¸Flexibility
More so than just đ ď¸Productivity or đQuality.
Huge thanks to EMA team and James Leek from Lmarc, and ASB on delivering a very interesting and informative afternoon.
How is your business preparing for Industry 4.0?
Are you already on the journey?
âťď¸ If this post was helpful - would you drop a comment below or share your thoughts? Thanks!!