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Friday 18th August 2017 -

Industry 4.0 explained

August 11, 2017

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Type: M&S TV, Manufacturing and Engineering Videos

 

 

Industry 4.0, the fourth industrial revolution – Or whichever title you prefer is currently extremely topical for the manufacturing sector.

 

It can bring many benefits to a business such as increased outputs, improved efficiencies, accuracy and quality – But what does it actually mean for the industry?

 

In our latest video for the Manufacturing sector, Corporate Services Director and Head of Manufacturing and Engineering Ginni Cooper, is joined by Michael Mead, Client Technology Manager from the University of Central Lancashire, to discuss Industry 4.0 and what it actually means for manufacturing businesses.

 

Firstly, what is Industry 4.0? Industry 4.0 is a vision of a change in technology and an emergence of operational technologies and informational technologies meeting. To summarise, it’s the process whereby our digital world and physical world are meeting.

 

There are a number of benefits Industry 4.0 from two different perspectives, macro and micro.

 

It has a macro level which focuses on a huge change in the  way everything is manufactured, bringing in elements such as education and culture, with the larger blue-chip companies and PLCs driving these innovations and smarter technologies into manufacturing.

 

But we can also look at Industry 4.0 from a micro perspective and the idea of merging traditional manufacturing processes with smarter manufacturing processes.

 

There is a huge focus on data in the manufacturing world and much more of a data footprint in manufacturing than there ever has been previously.  This digitalisation of manufacturing is allowing manufacturers to become smarter, not only with their products, but their process and also their production.

 

For manufactures interested in Industry 4.0 there many places to go for assistance and guidance, European Funding can be particularly useful. For businesses based in Lancashire, assistance is also provided by organisations such as Boost, Lancashire Growth Fund and the DigitMe programme at the University of Central Lancashire.

 

If you would like to discuss Industry 4.0 and what it means for your business in more detail, or you would like to speak with a member of our team, please contact Ginni Cooper or call 01772 821021 to be put in contact with a member of our Manufacturing and Engineering team.

 

Maximising Tax Reliefs

Industry 4.0 can also bring about considerable tax reliefs, take a look at our latest blog for more information.

Find out more