Industry 4.0 is a new paradigm in the world of manufacturing. Find out what it is really about and how important it is for manufacturing in this article.
What is special about Industry 4.0?
It has not only improved industrial technology significantly but also brought this sophisticated technology within reach of SMEs.
But then, there is a web of hype surrounding Industry 4.0 and related concepts like digital transformation and IIoT, which prevent many enterprises from leveraging the benefits.
With the advancements in IIoT (Industrial Internet of Things) and data analytics, it is possible to fetch and process zillions of data for bringing automation in field operations and supply chain management.
Implementing an effective digital transformation strategy not only improves the competitiveness of modern enterprises but also boosts their productivity and capability to make informed decisions.
Though the hype has surrounded IIoT and Industry 4.0, these technologies have several use cases with proven ROI.
Despite some organizations in denial about Industry 4.0’s impact on the manufacturing, many organizations have already started to impact their revenues with futuristic technology advancements.
Some, Industry 4.0 Solutions applications are IoT, Cloud Computing, Big Data, Advanced Robotics, AR/VR, AI, ML, Analytics etc.
As the use of the robotics in the pharmaceutical industry increases rapidly, it’s important to consider the benefits of the latest technologies for manufacturers, researchers and scientists.
Filling, inspection and packaging, Personalised medicines and Robotics in the laboratory.Softcon Systems offers pharmaceutical manufacturing companies benefits like flexibility, optimized production, and regulatory compliance with automation, process control, and information solutions.
The Fact.MR report offers forecast of the tail lift market for the period 2019-2027.
According to the report, the tail lift market is projected to record over 7% CAGR through 2027.
The transportation & logistics sector continues to generate lucrative opportunities for leading industry giants to gain leading market share in the tail lift segment.
The automotive tail lift market trends analysis report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.Fact.MR, a leading research firm, opines that the overall sales of tail lifts was pegged at more than US$ 1,000 Mn in 2018 and the global tail lift market is likely to record a strong growth during the forecast period due to transformation in the transportation and logistics infrastructure across the developed as well as developing economies.
In addition, increasing adoption of automation in tail lift market along with rise in international trade are among the key trends anticipated to amplify the overall sales of tail lift over the forecast period.
Currently, East Asia holds the leading share in the global tail lift market owing to presence of better technologies and infrastructure.