What other potentialities Industry 4.0 provides?

One of the most advanced potentiality can be seen in Industry 4.0 is Virtual industrialization. The benefit of having a production process virtualized and having the product designed in 3D enables the saving of time and analyses a wrong physical object before being implemented. In Industry 4.0, a breakthrough in virtual effects has also helped in closing down any loopholes or any major drawback. The process of verifying the process virtually and enabling it further to go down the physical embodiment helps in saving the cost and time.

The present age provides the opportunity for personalizing and individualizing the machines via various technical possibilities enabling the individual to have their preferences for both its customers and employees. The optimal training of employees, a major target in any companies can help serve the individual with preference in usage and with maximum flexibility. The target of meeting the customer demands which is in growth also provides the opportunity to have individually manufactured products or services enabling a competitive advantage for mass products to be manufactures or have a secured scale.

As the competition among the industries is going so does the opportunities of personalizing each machine according to their design, idea, and style of usage. How far, the trend is going to go? The opportunity no doubt provides customers to have more options and choices in the market. The situation provides a customized market with different varieties and unique features.

Sources:- Blanchet, Max/Rinn, Thomas/von Thaden, Georg/de Thieulloy, Georges (2014): Industry 4.0 – The New Industrial Revolution – How Europe Will Succeed. Roland Berger Strategy Consultants. München. https://www.rolandberger.com/publications/publication_pdf/ro-land_berger_tab_ industry_ 4_0_ 20140403.pdf.

Gorecky, Dominic/Schmitt, Mathias/Loskyll, Matthias/Zühlke, Detlef (2014): Human-Machine-Interaction in the Industry 4.0 Era. 12th IEEE International Conference on Industrial Informatics (INDIN). 289-294.

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