Industry 4.0 is no longer a new concept, it is being adopted by many different manufacturing sectors. This is including the rail industry and is affecting every aspect, including the supply chain. It will be a new dawn for the whole vertical chain, and it will have a colossal impact on the supply chain especially. The Industry 4.0 ecosystem will bring about an eclectic range of digital technologies.
Many of the leading manufacturing companies have already boosted their own significance in the industrial automation of their business processes. Aerospace is one of the leading manufacturing sectors and one that is currently moving into the next tier of industrial automation.This next tier is known as Industry 4.0. It is an important move in the industrial revolution as it marks the 4th major step, which is based on the automation of production with cyber-physical systems. Many more companies are yet to take this step that every one of their competitors will inevitably take.
SMEs that operate in the manufacturing sector will be hearing the term ‘industry 4.0’ more and more these days, but some may not understand exactly what it means. Simply put, Industry 4.0 refers to the digitisation of the factory and supply chain, and the introduction of intelligent automation and information management.Going paperless and archiving information more intelligently has untold benefits for manufacturers, but many aren’t sure how to capitalise on the technological opportunities available to them in 2019.