Strategy for Industry 4.0
Manufacturers are challenged to increase productivity, quality and customization in today’s experience economy.
In an environment of constantly changing and varying customer demand, many companies recognize Industry 4.0 as strategic priority to turn these challenges into opportunities.
Industry 4.0, or the Industrial Internet of Things (IIoT), is about using new digital technology that makes it possible to gather and analyze data across machines and business systems, to enable faster, more flexible, and more efficient processes to produce higher-quality individualized goods at lower cost.
Creating value from Industry 4.0 requires an industry-specific approach as business goals and challenges vary by industry – and even by company. Production equipment will become highly autonomous. The way humans work in production will change, with workers getting tailored information and decision support with smart devices. The production software stack will see a shift from transactional production execution to data-driven business process execution and optimization. All sensors, devices, machines, and so on will be connected.
With this level of connectedness and the humongous amounts of date to be processed and analyzed, what are some key architecture principles to ensure the solutions are secure, interoperable, portable, open, modular, affordable and extensible?