After decades of stagnation, it is clear that the automotive industry undergoes a significant transformation. Two mainstreams spearheading the revolution are electrification and autonomous driving. Although many people are aware of this change, since it makes quite a bit of media headlines, the requirements to produce such technological marvel are hardly underscored. As product complexity increases, it is only natural that production/manufacturing technology needs to keep up with product demands.
Industry 4.0 / smart factory / intelligent manufacturing. These interchangeable buzzwords echo often in the manufacturing landscape in recent years, and for good reasons. If realized properly, this technological evolution can be a game changer and provide a significant competitive advantage. The ability to interconnect, trace, and track both products and production data opens up a new world of possibility to perform the next step of analytics and optimization. This provides levers to drive actionable items that result in increase of overall efficiency, quality, and reliability.
To stay ahead of competitions, many industry leaders scramble to prepare their business to embark on Industry 4.0 journey.