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The manufacturing industry faces six major problems towards Industry 4.0

(Summary description)     【Guide: In order to successfully move towards Industry 4.0, manufacturers must treat information technology (IT) as a golden hen to improve the efficiency of capital, assets, and operations. Market research firm Frost & Sullivan emphasizes continuous innovation and points out six major problems that the manufacturing industry is bound to face. 】   Frost & Sullivan, a market research company, divides companies into three categories based on the speed of progress. The first category of companies is due to insufficient resources, such as lack of time and money, and they dare not even consider digitalization. The second category of companies’ selective attempts are partly conceptual. Proof of Proof (PoC), the third type of enterprise embraces Industry 4.0 through countless proofs of concept and a budget of 50,000 to 5 million US dollars. No matter what kind of enterprise, when embarking on digital transformation, it will inevitably face the following six problems.   In order to successfully move towards Industry 4.0, manufacturers must treat information technology (IT) as a golden hen to improve the efficiency of capital, assets, and operations. Market research firm Frost & Sullivan emphasizes continuous innovation and points out six major problems that the manufacturing industry is bound to face.   According to a report by EBN Online, Frost & Sullivan divides companies into three categories based on the speed of progress. The first category of companies is due to lack of resources, such as lack of time and money, and they dare not even consider digitization. The second category of companies are selective attempts. Proof of Concept (PoC), the third type of enterprise embraces Industry 4.0 through countless proofs of concept and a budget of 50,000 to 5 million US dollars. No matter what kind of enterprise, when embarking on digital transformation, it will inevitably face the following six problems.   The first key issue is to have a vision for the factory of the future.Manufacturers must understand that the courage to adopt new production models and technologies can digitize the product production cycle. In this way, as Frost & Sullivan said, the future production line will require almost no human intervention. Machines can work side by side with humans. Most humans only need to stay in the control room to supervise, fully realizing the integration of people, processes and technology.   In order to achieve this goal, manufacturers must digitize old assets, digitize built-in system production technology to connect smart production processes and end-to-end manufacturing processes, and then track product quality in real time, reduce the cost of poor quality (COPQ), and achieve customer-oriented Innovation.   The second key issue is transformation technology.Especially data analysis and 3D printing, the latter can be combined with numerically controlled machine tools (CNC) to jointly support multilayer manufacturing innovation. Frost & Sullivan predicts that these technologies will eliminate the traditional business model, moving from reactive maintenance to predictive maintenance (PM), while supporting a new business model, from selling specific products to selling "efficiency as a service".   The third key issue is to promote cooperation.This includes the diversified expansion of supply sources, which is especially important when natural disasters strike, otherwise the supply chain may repeat the tragedy of the Japanese tsunami, making it difficult for technology manufacturers to obtain electronic parts. In addition, artificial intelligence (AI) can also be applied to the supply chain to solve the problem of reduced meeting opportunities.   The fourth key issue is cyber security.Information security concerns prevent some manufacturers from adopting networked factories. Consider setting up an IT/Operational Technology (OT) Center of Excellence (CoE) to learn from the development of IT security technology in the past 30 years to improve manufacturing network security.   The fifth key issue is the establishment of a new generation of leaders.Frost & Sullivan found that organizational culture, corporate leadership, and return on investment (ROI) concepts are the three major constraints on manufacturing transformation. Therefore, the CEO and senior management must completely internalize Industry 4.0, and leaders must be brave to accept new behaviors. , New organizations and new strategies, such as future-oriented leadership behavior and mentality.   The last is to change the kinetic energy of the labor force.With the aging of the workforce, these jobs will be handed over to Generation Z sooner or later. Training is urgent, and future jobs will require more cross-functional skills.

The manufacturing industry faces six major problems towards Industry 4.0

(Summary description)     【Guide: In order to successfully move towards Industry 4.0, manufacturers must treat information technology (IT) as a golden hen to improve the efficiency of capital, assets, and operations. Market research firm Frost & Sullivan emphasizes continuous innovation and points out six major problems that the manufacturing industry is bound to face. 】

  Frost & Sullivan, a market research company, divides companies into three categories based on the speed of progress. The first category of companies is due to insufficient resources, such as lack of time and money, and they dare not even consider digitalization. The second category of companies’ selective attempts are partly conceptual. Proof of Proof (PoC), the third type of enterprise embraces Industry 4.0 through countless proofs of concept and a budget of 50,000 to 5 million US dollars. No matter what kind of enterprise, when embarking on digital transformation, it will inevitably face the following six problems.

  In order to successfully move towards Industry 4.0, manufacturers must treat information technology (IT) as a golden hen to improve the efficiency of capital, assets, and operations. Market research firm Frost & Sullivan emphasizes continuous innovation and points out six major problems that the manufacturing industry is bound to face.

  According to a report by EBN Online, Frost & Sullivan divides companies into three categories based on the speed of progress. The first category of companies is due to lack of resources, such as lack of time and money, and they dare not even consider digitization. The second category of companies are selective attempts. Proof of Concept (PoC), the third type of enterprise embraces Industry 4.0 through countless proofs of concept and a budget of 50,000 to 5 million US dollars. No matter what kind of enterprise, when embarking on digital transformation, it will inevitably face the following six problems.

  The first key issue is to have a vision for the factory of the future.Manufacturers must understand that the courage to adopt new production models and technologies can digitize the product production cycle. In this way, as Frost & Sullivan said, the future production line will require almost no human intervention. Machines can work side by side with humans. Most humans only need to stay in the control room to supervise, fully realizing the integration of people, processes and technology.

  In order to achieve this goal, manufacturers must digitize old assets, digitize built-in system production technology to connect smart production processes and end-to-end manufacturing processes, and then track product quality in real time, reduce the cost of poor quality (COPQ), and achieve customer-oriented Innovation.

  The second key issue is transformation technology.Especially data analysis and 3D printing, the latter can be combined with numerically controlled machine tools (CNC) to jointly support multilayer manufacturing innovation. Frost & Sullivan predicts that these technologies will eliminate the traditional business model, moving from reactive maintenance to predictive maintenance (PM), while supporting a new business model, from selling specific products to selling "efficiency as a service".

  The third key issue is to promote cooperation.This includes the diversified expansion of supply sources, which is especially important when natural disasters strike, otherwise the supply chain may repeat the tragedy of the Japanese tsunami, making it difficult for technology manufacturers to obtain electronic parts. In addition, artificial intelligence (AI) can also be applied to the supply chain to solve the problem of reduced meeting opportunities.

  The fourth key issue is cyber security.Information security concerns prevent some manufacturers from adopting networked factories. Consider setting up an IT/Operational Technology (OT) Center of Excellence (CoE) to learn from the development of IT security technology in the past 30 years to improve manufacturing network security.

  The fifth key issue is the establishment of a new generation of leaders.Frost & Sullivan found that organizational culture, corporate leadership, and return on investment (ROI) concepts are the three major constraints on manufacturing transformation. Therefore, the CEO and senior management must completely internalize Industry 4.0, and leaders must be brave to accept new behaviors. , New organizations and new strategies, such as future-oriented leadership behavior and mentality.

  The last is to change the kinetic energy of the labor force.With the aging of the workforce, these jobs will be handed over to Generation Z sooner or later. Training is urgent, and future jobs will require more cross-functional skills.

Information
     【Guide: In order to successfully move towards Industry 4.0, manufacturers must treat information technology (IT) as a golden hen to improve the efficiency of capital, assets, and operations. Market research firm Frost & Sullivan emphasizes continuous innovation and points out six major problems that the manufacturing industry is bound to face. 】
  Frost & Sullivan, a market research company, divides companies into three categories based on the speed of progress. The first category of companies is due to insufficient resources, such as lack of time and money, and they dare not even consider digitalization. The second category of companies’ selective attempts are partly conceptual. Proof of Proof (PoC), the third type of enterprise embraces Industry 4.0 through countless proofs of concept and a budget of 50,000 to 5 million US dollars. No matter what kind of enterprise, when embarking on digital transformation, it will inevitably face the following six problems.
  In order to successfully move towards Industry 4.0, manufacturers must treat information technology (IT) as a golden hen to improve the efficiency of capital, assets, and operations. Market research firm Frost & Sullivan emphasizes continuous innovation and points out six major problems that the manufacturing industry is bound to face.
  According to a report by EBN Online, Frost & Sullivan divides companies into three categories based on the speed of progress. The first category of companies is due to lack of resources, such as lack of time and money, and they dare not even consider digitization. The second category of companies are selective attempts. Proof of Concept (PoC), the third type of enterprise embraces Industry 4.0 through countless proofs of concept and a budget of 50,000 to 5 million US dollars. No matter what kind of enterprise, when embarking on digital transformation, it will inevitably face the following six problems.
  The first key issue is to have a vision for the factory of the future.Manufacturers must understand that the courage to adopt new production models and technologies can digitize the product production cycle. In this way, as Frost & Sullivan said, the future production line will require almost no human intervention. Machines can work side by side with humans. Most humans only need to stay in the control room to supervise, fully realizing the integration of people, processes and technology.
  In order to achieve this goal, manufacturers must digitize old assets, digitize built-in system production technology to connect smart production processes and end-to-end manufacturing processes, and then track product quality in real time, reduce the cost of poor quality (COPQ), and achieve customer-oriented Innovation.
  The second key issue is transformation technology.Especially data analysis and 3D printing, the latter can be combined with numerically controlled machine tools (CNC) to jointly support multilayer manufacturing innovation. Frost & Sullivan predicts that these technologies will eliminate the traditional business model, moving from reactive maintenance to predictive maintenance (PM), while supporting a new business model, from selling specific products to selling "efficiency as a service".
  The third key issue is to promote cooperation.This includes the diversified expansion of supply sources, which is especially important when natural disasters strike, otherwise the supply chain may repeat the tragedy of the Japanese tsunami, making it difficult for technology manufacturers to obtain electronic parts. In addition, artificial intelligence (AI) can also be applied to the supply chain to solve the problem of reduced meeting opportunities.
  The fourth key issue is cyber security.Information security concerns prevent some manufacturers from adopting networked factories. Consider setting up an IT/Operational Technology (OT) Center of Excellence (CoE) to learn from the development of IT security technology in the past 30 years to improve manufacturing network security.
  The fifth key issue is the establishment of a new generation of leaders.Frost & Sullivan found that organizational culture, corporate leadership, and return on investment (ROI) concepts are the three major constraints on manufacturing transformation. Therefore, the CEO and senior management must completely internalize Industry 4.0, and leaders must be brave to accept new behaviors. , New organizations and new strategies, such as future-oriented leadership behavior and mentality.
  The last is to change the kinetic energy of the labor force.With the aging of the workforce, these jobs will be handed over to Generation Z sooner or later. Training is urgent, and future jobs will require more cross-functional skills.

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