Why is there a need to adopt Industry 4.0?
As mentioned in the previous article – A brief introduction to Industry 4.0, Industry 4.0 has been constantly used to improve the life of general consumers as well as for growing businesses.
With reference to the white paper of Intel, there are 6 benefits in the shift towards Industrial 4.0, they are:
These 6 ways allow companies to reap both tangible and intangible benefits. In the previous transformation, a car manufacturer who transformed from a labor-intensive model to a fully automated robotic model. Output was significantly improved, quality of products was maintained and sales revenue increased exponentially. This transition was from Industry 2.0 to Industry 3.0.
Similar benefits could be achieved for companies who are willing and wish to take the step towards Industrial 4.0. Furthermore, Singapore government has prepared many initiatives for local enterprises to look into so as to assist local industry to accelerate their adoption and maintain the competitiveness in the global market.
Do join our mailing list for future updates on our upcoming solutions to reduce total cost of ownership of equipment.
 |
Ng Chin How Managing Director NAC Machinery & Equipment Pte Ltd |
Relevant article(s):
A brief introduction to Industry 4.0