The Industrial Internet of Things (IIoT) and Industry 4.0 are transforming the world of manufacturing. The two terms are relatively interchangeable and basically mean the same thing: Manufacturers using internet-enabled technologies to improve their business strategies and outcomes.
When you hear the phrase, "Industrial Internet of Things," what do you think of first? When we asked subscribers to ASSEMBLY and Quality magazines that question earlier this year, the answers were all over the map.
Productivity growth in manufacturing is stuck. Despite improvements in equipment, software and management approaches, annual labor productivity growth in the U.S. was around 0.7 percent between 2007 and 2018.
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Manufacturers around the world continue to grapple with the pressure of reducing costs while achieving the highest standard of quality. In this era of the connected customer, we are now experiencing a whole new world with mass customization/personalization in a high-volume environment becoming the norm.
In today's customer-centered world, meeting the needs of customers is more demanding and business-critical than ever. At the same time, manufacturers struggle to reduce operating costs as margins compress and the competitive landscape intensifies.
By adopting a true paperless environment, and not just displaying PDFs, videos and images, a factory can increase yields, quality and traceability while reducing costs and eliminating risks. FactoryLogix manages the entire digital thread from design data, through revision control and visually interactive work instructions and bill of materials to final dispatch.
Human operators once dominated all aspects of the manufacturing landscape. But in an Industry 4.0-driven world, factory operations have become largely hands-free through the adoption of Augmented Reality (AR) technology.
A hot topic in manufacturing, "Industry 4.0" means much more than just next-gen devices, sensors, and smart apps. When properly implemented, Industry 4.0 technologies have the power to create a new manufacturing revolution, generating unparalleled advancements in smart, connected operations.