Pros:
System integration
Visibility in the operation / supply chain
Better customer experience
Data in real time
New business models
Cons:
Security
High invest
Not a good digitalization focus
Many technologies are new and not tested, can be obsoleted very quick
Hard to make the cultural change of mind
Pros:
Improved productivity, quality, connectivity
Better supply chain mechanism
Better utilization of assembly line
Completely integrated and networked environment
Use of Analytics for decision-making
Quick response time based on analytics and sensors
Cons:
Cyber-Security
Requirement of huge investment
Availability of proven technology (everything is evolving)
Availability of qualified and experienced resources to implement Industry 4.0
Potential resistance to change, by the workforce
Education and training of workforce may not be effective, and may take time
Unless the quick/first-mover advantage is utilized, can lag behind the competition, jeopardizing the return on investment
Hugo Lopez
Pros:
System integration
Visibility in the operation / supply chain
Better customer experience
Data in real time
New business models
Cons:
Security
High invest
Not a good digitalization focus
Many technologies are new and not tested, can be obsoleted very quick
Hard to make the cultural change of mind
Murali
Pros:
Improved productivity, quality, connectivity
Better supply chain mechanism
Better utilization of assembly line
Completely integrated and networked environment
Use of Analytics for decision-making
Quick response time based on analytics and sensors
Cons:
Cyber-Security
Requirement of huge investment
Availability of proven technology (everything is evolving)
Availability of qualified and experienced resources to implement Industry 4.0
Potential resistance to change, by the workforce
Education and training of workforce may not be effective, and may take time
Unless the quick/first-mover advantage is utilized, can lag behind the competition, jeopardizing the return on investment