COVID-19 and its effect on Industry 4.0 adoption
DIGITAL FACTORY evolution of consumer behavior and the rapidness of technology advancements .”
“ This movement really sees the intersection of connectivity , data and intelligence , with smart technologies like AI , digital twins , robotics , and IoT supporting growth and increasing profitability with digital-first business models and more agile production systems . Overall , this has had a profound effect on the manufacturing process , allowing every single aspect of the chain – from sourcing , to the production line , to logistics – to collaborate and share intelligence . As a result , productivity is increased even further , businesses are more flexible and resilient , and the products they make are better tailored to customer needs ,” adds Walker .
“ Industry 4.0 - unlike prior industrial revolutions - is not about replacing the existing assets / technologies with new ones , but about mastering the challenges and opportunities posed by disruptive technologies ”
RUCHIR BUDHWAR , SVP AND REGIONAL HEAD – EUROPE , MANUFACTURING , INFOSYS
COVID-19 and its effect on Industry 4.0 adoption
COVID-19 shone a light on the need for greater investment in digital technologies and has brought the importance of data-driven operations to the fore – just look at how data has fueled the discovery , approval , procurement and roll-out of the vaccine .
While the benefits of being a datadriven organisation have been known for a long time , the pandemic catalysed many digital transformations out of necessity , meaning that businesses across all industries are looking to apply the technologies and principles of Industry 4.0 to their operations to not only maintain business continuity but to also look to enhance their performance in the post pandemic world .
Whether it was manufacturers rearchitecting their supply chains to alleviate shortfalls , or grocery stores
scaling up their delivery networks , the last 12 months have truly demonstrated how Industry 4.0 can help businesses pivot at record speed .
Maddie
Walker , Industry X . 0 Strategy and Consulting Lead at Accenture ( UK & I )
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