Admittedly, the move from the Third Industrial Revolution to Industry 4.0 will not be easy. While enterprises are eager to adopt advanced digital technologies (Industrial IoT, predictive analytics, AI/ML, immersive tech, and the like), a number of roadblocks remain. Nearly 70% of projects are stuck in pilot purgatory, unable to scale beyond the initial proof of concept. Less than a third of manufacturing companies are deploying Industry 4.0 solutions at scale.
It has become increasingly clear that successful businesses are the ones willing to evolve and reimagine. For most, that now means recognizing the need to operate within a complete digital ecosystem that takes advantage of the wide range of digital technologies previously unavailable.
As climate change undeniably ravages the planet, the need for reform in Manufacturing, above all industries is becoming dire by the day. As the industry that provides the largest number of jobs in the US, Manufacturing needs companies to make collective, deliberate and organized efforts toward building a sustainable future. Green Manufacturing is no longer just a trend, it is a necessity and an inevitability.
In an increasingly competitive world with scarce resources and a deteriorating climate, Artificial Intelligence can help organizations navigate their path to sustainability and efficiency. AI has the potential to lower energy costs, cut energy waste, and accelerate the use of clean, renewable energy sources in power grids.
‘There’s always light at the end of the tunnel’ is the adage that can truly define how we plan to celebrate these last few days of the year. This year might remain etched in our memory as a grey year for a slightly rough edge it had. Given the massive scale of events this year, we should make a collective wish for a better future for humanity through sustainable practices both at home and on an industrial scale.
The fashion industry is the 3rd most polluting industry in the world, and by the year 2030, it is expected that there will be 148 million tons of fashion waste. With such data, it is undeniably important to understand the importance of ‘Sustainability in the Fashion Industry!’
Sustainability, much like charity, begins at home. It’s an inside out process that needs to start at the core of a business or a person. The shift toward sustainability isn’t just about how we can do things differently, it’s also about how we can think differently.
In a dynamic and rapidly evolving market, product lifecycle management (PLM) is often the crucial tool that separates the winners from the also-rans. It empowers organizations to anticipate and respond to the inevitable gusts of change that regularly sweep through every industry.
A prime example of rapid and relentless evolution is supply chain management (SCM). New technologies and innovations have significantly boosted its capabilities, and SCM is now able to deliver a lot more than what was thought possible a few years back. Here is a look at some of the exciting new developments in the world of SCM.
In this competitive world, companies look at redesigning their production processes and activities to stand up to the competitiveness that the markets demand. To add value through every process is key to the success of each organisation. Value stream mapping (VSM) is a powerful tool in lean implementation to streamline processes and achieve that highest level of productivity in the industry.