Who is said to benefit from the fourth industrial revolution (Industry 4.0)?
Provide your answer with an example.
Industry 4.0
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Who is said to benefit from the fourth industrial revolution (Industry 4.0)?
Provide your answer with an example.
satish p dixit
It is going to benefit manufacturers and suppliers as they can schedule what is required and what time and generate customer satisfaction and experience.
satish p dixit
It is going to benefit entire manufacturing industry to get optimised output, understand the things to automate, improve effectiveness/efficiency of equipment, ,If we talk about process industry then it is going to benefit petrochemical refineries, offshore platforms, onshore plants could be for Oil,food,beverages,chemical industry etc. process industries and process plant projects projects
Murali
Everybody in the ecosystem benefits. Basically, all the stakeholders benefit:
Customer is better satisfied because of the extent of customizations that are possible, and better quality
Suppliers and partners are satisfied because they know exactly what is coming up, when to supply how much of which items
Company benefits in terms of availability of huge volume of data completely integrated, and complex analytics is implemented
Employees are benefited with state of the art environment, knowledge, and empowerment, leading to lesser errors, and better accountability
Management is benefited in terms of improved market penetration, ability to provide additional services (subsidiary services based on primary product/services), which results in improved profit, and better employee satisfaction and productivity
Shareholders are benefited with improved return on investment
Hugo Lopez
The customer. For example, by looking at customer behaviors and collecting and analyzing data, personalized experiences, discounts, products, etc, can be offered that will enrich overall satisfaction