Education and collaboration are the keys to implementing Industry 4.0, according to the annual “Technology in Industry Report” by Automation Alley, which also is introducing a new livestream technology video series.
Automation Alley, Michigan’s Troy-based Industry 4.0 knowledge center and the World Economic Forum’s Advanced Manufacturing Hub for North America, released its report Monday. The main findings of the report include:
- Education and training at all levels will impact how each industry, and each company, will affect the pace and success of Industry 4.0 technology adoption.
- Collaboration will impact the adoption of Industry 4.0. In a world of manufacturers who are used to cut-throat competition and a strategy of isolationism, a shift must be made for more open collaboration with others within and outside the industry.
No matter where an organization is at along their Industry 4.0 transformation journey, says Automation Alley, the recommendation from the research is to:
- Start the Industry 4.0 transformation now.
- Have a strategy in place and include real accountability in the plan. Make a point to focus on learning.
- Be persistent. This is a long-term investment that may not always look like it’s yielding benefits.
- Accept risk. Innovative thinking and action should be met with support and encouragement.
- Consider incentives to drive innovative behaviors, and make sure that for each risk taken, there is always an educational return – even if there may not be a monetary one.
“It is important to note that this report was produced during the worst pandemic we have seen in our lifetimes,” says Tom Kelly, executive director and CEO of Automation Alley. “As painful and traumatic as the coronavirus experience has been, there are many lessons to be learned from this crisis. This report touches on those lessons from an Industry 4.0 standpoint. As our economy is healing from the shock, all business owners and executives must take stock of their own preparedness and put in place initiatives to overlay a digital mindset on their physical businesses.”
The report is a free benefit for Automation Alley members and $95 for non-members. It can be accessed here.
Automation Alley also is introducing “Industry 4.0 in Focus: A Livestream Series.” It will consist of weekly, 30-minute episodes leading up to the Integr8 Industry 4.0 conference on Nov. 10 and will focus on different Industry 4.0 technology trends, case studies, and action items from the report. Topics will include:
- The Rise of Artificial Intelligence in Manufacturing
- 5G: A Manufacturing Game-Changer
- Opportunities and Challenges of IT and OT Convergence
- The Impact of Big Data Analytics on Supply Chain Management
- Accelerating Industry 4.0 with Digital Twin
- Additive Manufacturing’s Disruptive Impact on the Supply Chain
- How Industry 4.0 Transforms Data Regulation and Protection
- Industry 4.0 Case Studies: Technology and Workforce Transformation
“As smart and connected technologies rapidly transform the way we do business, Automation Alley’s goal is to help keep businesses in business by equipping organizations with the necessary knowledge to leverage the intersections of advanced technologies, systems and people to gain a competitive advantage,” says Kelly. “The report and the Industry 4.0 in Focus livestream series can jumpstart or accelerate industry on that digital path to strategic success.”
To view the reveal of the “Technology in Industry Report” and more information on the “Industry 4.0 in Focus: A Livestream Series,” visit here.