In today’s challenging business environment, manufacturers that have invested in digital transformation have a leg up on the competition. They are able to digitally connect their operations to better understand their supply chain, manufacturing operations, and customers. By taking advantage of the latest technologies including artificial intelligence (AI), IoT, and predictive analytics, smart manufacturers have instrumented their business to provide enhanced visibility into every facet of their operations. Even when products leave their shop floor, they are still able to know where their products are and how customers are using them through a combination of digital logistics, smart warehouses, and remote asset monitoring.
Digital transformation of manufacturing operations is a key element of the move towards Industry 4.0 – the fourth industrial revolution. Industry 4.0 is about leveraging big data and AI to enable smart, autonomous systems to drive the next wave of business improvements. From dramatically increased manufacturing efficiencies to data-driven insights that will drive innovation, the benefits of Industry 4.0 are widespread and will have a large impact on the future of manufacturing around the world.
If you want to delve deeper into this topic, we recommend that you attend the North American Manufacturing Excellence Summit (NAMES20), being held virtually this year on Sept. 9 and 10. Industry 4.0 will be woven throughout the conference in topics such as 'Supply Chain Strategies', 'Building a Competitive Advantage', and 'Leveraging Technology as a Difference Maker'. And we are honored to have Oracle Group Vice President John Barcus as one of the featured speakers at this event. His session is titled ‘Enabling the Connected Digital Enterprise’ and is scheduled for 1:45pm CT (2:45pm ET) on Sept. 9. We hope you can attend!