Industry 4.0 Solutions
Transcript of Industry 4.0 Solutions
Whitepaper
[email protected] @ 2021www.hakunamatatatech.com
Smart ManufacturingEnabling Companies with
Industry 4.0 Solutions
1. Manufacturing Overview ............................................................................................................................ 03
2. The necessity of transiting from traditional to smart manufacturing ....................... 03
3. Why to create intelligent and connected businesses: how it helps! ............................ 05
4. Turning lack of visibility to transparency in shop floor .......................................................... 06
5. Digital transformation & shop floor: challenges and solution ........................................ 07
6. Industrial IoT in manufacturing – growth, benefits, use cases ........................................ 09
7. Asset management - gaining real-time visibility into your assets ................................. 12
8 Transforming manufacturing industry with Artificial Intelligence ............................... 14
9. EHS management system ........................................................................................................................ 15
10. DX in manufacturing: top benefits
11. 3 Points to consider while choosing a digital transformation partner ......................... 17
12. Conclusion .............................................................................................................................................................. 18
Table of Contents
White paper - Hakuna Matata solutions
Manufacturing refers to the processes of converting the raw materials into useful products. This involves several complex processes starting right from procure-ment to inventory to shop floor to delivery. The major challenge the industry faces is the manual operations or siloed automation.
Industry 4.0 solutions have transformed this scenario however most companies are yet to leverage the fullest benefits of the technology advancements. If you’re a manufacturer looking for futuristic solution, then this whitepaper will help you with tips and solutions to accelerate the production rate and time to market.
A recent study has indicated that still some companies haven’t taken the smart way to improve the way they work and struggle to accelerate productivity. This post is all about helping companies, believing only in traditional systems, with specific details and benefits of how smart manufacturing will take their business operations and customer satisfaction to a new level.
Industry 4.0 solutions have taken the manufacturing by storm. According to a Forbes report, the new
Manufacturing Overview
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Dx in Manufacturing: Transforming traditional to smart manufacturing
machines, devices and robots will help companies produce better with a little human input.
And according to the Deloitte University Press, Industry 4.0 brings in the physical-digital-physical link. That means, the advanced technologies will pave way for connected enterprises that operate smart and deliver unparalleled customer satisfaction.
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Before getting started with, here are a few challenges the industry faces with a manual-only approach.
Bridging communication gap
Integrating data
Making data-driven decisions
Ensuring employeesafety
Coping with technology advancements
Skilled laborshortage
Forecasting demand for products
Controlling inventory
Tracking assets at each point
Improving plant efficiency
Increasing ROI Drawing information fast
Improving services and products,
Marketing and selling products,
services smartly
Improving market experience
Optimizing performance and
distribution
Communicating and analysing humans, machines process
Lack of real-time data extraction
Let’s see how adopting a smart approach would help the industry save time and money.
Manual process, operationsTime consuming & backbreakingLegacy systemsSiloed dataIsolated operationsIncreased maintenance costFrequent machine failuresZero or limited data for decision makingTied to systems or machines for dataTime consuming data update on backendManual checklist on machinesNo integration with different systems, toolsReduced productivityIsolated factory operationsZero visibility on operations, productivity dataDelayed go-to-market strategy for productsTired workforceZero room for improvementsLimited innovation in production developmentPoor customer experienceLimited data for budgeting and growthLimited technology involvementBelow par performance in marketIncreased TCOSlow procurementInaccurate asset tracking processManual labour and machine efficiency evaluationPoor resource utilizationProcess-driven decision makingPoor interoperability
Digitized process, operationsFaster and seamlessSmart systemsCentralized dataIntegrated operationsReduced maintenance costsImproved machine utilizationComplete data for faster decision makingUpdate or receive data on the goInstant backend data updateAutomated checklist on machinesComplete integration with existing systems, new systems, toolsAccelerated productivityConnected factory operations100% Transparency, visibility on operations and production dataFaster product development to market Motivated workforceAlways on improvementsSmart and intelligence productsImproved customer experienceComplete data for future expansion, budget and growthIoT, Sensor, Mobile app,RFID enabled Supercharged market performanceReduced TCOFaster procurementAccurate asset tracking using RFID, IoTAutomated LE and OEE using IoT, Mobile App, Web AppImproved resource utilizationData-driven decision makingHigh interoperability
Traditional Smart
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So, it’s apparent that manufacturing companies that are including the industry 4.0 solutions like IoT, sensors, mobile app, RFID etc. to the strategy are performing exceedingly well compared to the rest.
Is your manufacturing company still utilizing conventional systems, processes and tools to produce products and taking to market? Well, think again. The manufacturing landscape is changing and your competitors are already there.
DX in manufacturing: top benefits
To accomplish processes that
cannot be done manually
To increase labor productivity
To reduce labor cost
To mitigate the effects of labor
shortages
To reduce or eliminate routine
manual tasks
To improve workforce safety
To improve product quality
To reduce manufacturing
lead time
DX in manufacturing: The need for creating intelligent and connected businesses
IoT Platform
Location detection Technologies
Advanced human-machine interfaces
Authentication & fraud detection
3D PrintingSmart sensors
Big data analytics andadvanced algorithms
Multilevel customerinteraction and
customer profiling
Augmented reality/wearables
Cloud computing
Mobile drives
1. D
igiti
satio
n an
d integration of
vert
ical
and
horizontal
valu
e
chains
2. Digitisation of prod
uct and
and service offerings
and customer access
3. Digital Business models
Data & Analytics as core capability
Data & Analytics as core capability
Industry 4.0
Shop floor is the place where the actual productivity happens and this plays a major role in the growth of the company.
With too many challenges to seek solutions for the industry is looking for technology advancements to help improve shop floor productivity, growth and ensure delivering unparalleled customer experience.
Here are 5 common challenges every shop floor faces.
Top manufacturing companies that have incorporated the Industry 4.0 solutions built of robust technologies like mobile app development, IoT, Sensors have accelerated their productivity by at least 10x more than it was before.
I’ve named a few below.
Shop floor automation solution (automates shop floor operations, job card allocation, real-time data monitoring)
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The manufacturing industry is moving away from legacy enterprise applications as they understand that their market is changing and so are the consumer behaviors. With the option to buy from all over the globe and compare products with different vendors, consumers now lookout for investing in a company that delights them with innovative products and offers amazing customer satisfaction.
Manufacturers adopting advanced technologies like cloud, mobile, the Internet of Things, shows that there is a shift in their approach from business applications to critical data that drives them.
Here are some of the potential advantages of DX in manufacturing.
The utilization of IoT and sensors in the manufacturing production floor has helped the leaders to digitalize the process and monitor machine, human performance.
Also, the digital production floor enables the operators to record and transfer data on-the-go.
Turning “lack of visibility” challenge to “transparency” on shop floor
Analyzing the performances of machines while operating in its peak and normal conditions and comparing the data will help the manufacturing leaders to execute a perfect production plan.
The data captured in real-time through sensors, IoT devices power the executives to utilize the machines, humans wisely and manage the inventory better.
Manufacturing staff often deal with hazardous machines and rugged environments. These smart devices will help staff identify any threats in the environment or defects in the machines instantly to avoid the potential mishap.
Siloed data always pose a challenge to decision-makers and seeing them in one place doubles their pain. AI, machine learning, IoT, enterprise apps have enabled the enterprise heads to access data through a centralized dashboard to make faster and better decisions.
Lack of employee health safety measures
Lack of top floor to shop floor visibility
Manual job allocations
Lack of real-time data for monitoring LE & OEE
Unplanned machine downtime and maintenance costs
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What is a Shop Floor
Why Shop Floor Automation
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Accurate data of activities, Material Status, Machine and Labour Usage, resources and workflows is ritical to manufacturing owners and supervisors for
improving overall shop floor operations, and this is possible only with an Next-Gen real-time automation solution
Shop Floor Automation Challenges
Benefits of Shop Floor Automation
A shop floor is the most critical area of a factory where people work on machines and production as distinct from administrative work is carried out. (Source: Wikipedia)
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Preventive maintenance solution (prevents unplanned machine downtime, maintenance costs)
Employee health safety management solution (ensures employee safety on the shop floor)
Let’s put a deep dive into how these solutions work for the betterment of the shop floor.
So, the first step is bridging the gap between the shop floor and top floor.
This can be achieved by empowering the operators/supervisors with the mobile app and connecting IoT devices to machines.
Digitizing the machines with an IoT device would help operators record the data in real-time through a mobile app. Updating the data to ERP using the mobile app is seamless and any operator can perform this job on-the-go.
Also, the top-level executives of manufacturing units will be powered by an interactive business dashboard to monitor the real-time operations and this necessitates faster decision making.
The second step is to assign tasks dynamically to operators for improving productivity.
Similarly, the supervisors would be able to assign and schedule tasks to operators from anywhere, any time using the apps. Also, the digitization enables the supervisors to assign tasks to employees dynamically when the task is not completed fully or whoever the task is assigned with is on leave.
With everything digitized monitoring the complete job cards assigned against each and every operator becomes super easy for any supervisor and saves a lot of his time.
These two automation steps apparently increase labour efficiency (LE) and overall productivity on the shop floor.
The third step would be to utilize the machines efficiently to avoid costly machine repairs.
Unplanned maintenance is one of the reasons for drop in manufacturing productivity and having this unnoticed for a long time declines the machine efficiency and it’s expensive.
With a preventive maintenance(or planned maintenance) system in place, monitoring the devices is simple, efficient and cost-effective.
The preventive maintenance system includes IoT devices fixed on the machines to monitor their performances in real-time.
The real-time data garnered through these next-gen devices help the operators identify the downtime well in advance to prevent costly repairs and labour costs.
Simply put, you’d be able to prevent unplanned downtime with real-time data. This will also help you utilize your machines efficiently throughout their lifecycle rather than frequent maintenance or unplanned maintenance. The data also helps you measure the overall equipment efficiency (OEE) as well.
The fourth step would be ensuring employee safety on the shop floor.
Another major setback for any employee within a manufacturing unit is safety when handling machines. Performing a checklist of the machines that are in a sensitive environment on a daily basis and reporting the incidences manually could be a nightmarish as this involves a lot of risks.
Ensuring employee safety is a must to help and motivate them to deliver better.
With an employee safety management application in place, carrying out equipment checks regularly is simple. Besides, the employees can also raise incidences, machine defects, malfunctions and report observations to the higher authorities on-the-go and on-time to notify the condition of the equipment deteriorates further.
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Guide to industrial IoT in manufacturing – growth, benefits, use cases
Why IoT for manufacturing?
Consider this scenario: what if a manufacturing company has to meet a stringent product delivery deadline and the laborers are asked to work for additional hours to accomplish that. All of a sudden a critical machine breaks down.
What’s next? The complete productivity on the floor will come to halt.
Such scenarios are common in many manufacturing companies, as a result, their productivity, RoI and customer satisfaction sees a huge drop, leading to below-par customer experience. The below infographic will help you with some of the benefits of IoT in Manufacturing.
The internet of things, or IoT, is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. (Source: Techtarget)
What is IoT?
Thing ofDevice
Cloud
Gateway
Analysis
User Interface
Data
Data
Data
Data
Wireless Network
IoT
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Implementing IoT in Manufacturing
This is how manufacturers are utilizing IoT for monitoring and evaluating machine efficiency.
Identifying Critical Equipment
Implementing IoTDevices
Evaluating Machine Performance
Step 1 Step 2 Step 3
IoT Benefits in Manufacturing
MachineTracking
MaintenanceCost
AssetManagement
AssetTracking
EmployeeSafety
ProductQuality
Measure machine efficiency,
performance in real-time.
Predict machine downtime with real-time data.
Track assets in inventory from
anywhere, anytime.
Track assets in-store, production floor
seamlessly.
Measure data even from hazardous
work environment.
Utilize real-time data to ensure product quality
and on-time delivery.
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Using IoT system, the inventory is tracked and traced within a manufacturing plant on a line-item level and the operators, plant supervisors are notified of any significant changes from the actual.
IoT Use Cases in Manufacturing
Inventory Management
IoT sensors in critical machines allows for condition-based monitoring and maintenance alerts. By ensuring the connected operations working environment for machines and human, manufacturers can reduce costs, eliminate machine downtime.
With IoT devices implemented on machines, manufacturing companies can connect disparate silos of operational data into unified, real-time visibility across different systems, people and assets to make faster and better decisions.
Connected Operations
FacilityManagement
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Manual
Mostly pen & paper and spreadsheets are widely used in this method. It is one of the most time consuming and outdated methods. Yet some companies still use this method to track assets. Man-made errors and missed data are two potential threats when trying out this method.
Bar Codes
One of the widely used asset tracking methods of all time. As this is relatively simple to use, many enterprises focus on using bar codes to track the assets from one place to another. Cost-effectiveness, less training to users makes barcode a smart option. However, a huge set back is if the bar codes are tampered or not aligned in a straight line, you won’t be able to extract the asset data.
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Asset management - improve productivity through real-time visibility into your assets
Here are some of the methods used for tracking assets
Assets tracking points to discovering critical physical assets from procurement to disposal within a business environment. Tracking and management of assets play a critical role, especially if you’ve more than what you realized.
Before getting started with methods, I’d like to present to you some of the benefits of asset tracking.
Only fewer resources involved free up the time of resources to focus on business growth
Helps to quickly and easily locate assets in real-time, anytime
Provides real-time reports on the position of each asset
Increases the accuracy of your asset management
Helps to track and reduce asset loss and utilize assets effectively
Reduces TCO as assets don’t have to track manually
Improves efficiency
Enables to reassign assets between departments wisely and fully
Ensures accountability and accuracy with asset loss and management
Immediately informs where your assets are allocated
Ensures regulatory compliance
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QR-Codes
The advance of mobile applications has forced businesses to focus on QR-code technology to track assets. It is a simple technique and requires no training. Any user can create QR-codes in one click and track the assets using a mobile app scanner with absolute ease. Besides, this technology enables companies to manage asset orders and monitor track history as well.
Radio Frequency Identification
There are two types of RFID tags. One is Passive and other Active. Passive RFID tags consume less power and are cost-effective. The tags will consume power only when they receive a signal from an RFID antenna or reader. They are widely used in item-level tracking. Active RFID tags (beacons and transponders) are larger in size and expensive and cover a range of 100m. The prior wake up at preset intervals while the latter works only when a radio signal is received, resulting in extended power saving.
GPS
One of the best methods as this is a wonderful technique to track any size of an asset across any place, be it sea or land. Starting right from small assets to heavy machinery, tracking the position of the asset is absolutely seamless. Highly suited for tracking a mixed set of assets that involves both small and heavy asset types.
NFC (Near Field Communication)
NFC can be called as an extension of RFID as both use electromagnetic induction for data transmission. However, NFC’s ability to act as both reader and transmitter makes it a better choice than RFID. While RFID can be used to track assets, NFC can provide more details about an asset with a tap on the smartphone. However, this is one of the under-rated techniques by most companies.
IoT (Internet of Things)
If you’re looking for a smart asset tracking system that can pinpoint even a small asset within a project zone, coupling the IoT devices with other technologies like GPS or RFID will make your job absolutely easier. The best advantage of using IoT is it can be used even in challenging environments where humans can’t invade. The lower power consumption and higher battery life are other two positive factors that make IoT technology a most sought-after one in today’s market.
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4 Ways artificial intelligence is transforming manufacturing industry
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In a Forbes Insights Survey on Artificial Intelligence, 44% of respondents from the automotive and manufacturing sectors classified AI as “highly important” to the manufacturing function in the next 5 years, while almost half, 49% said it was “absolutely critical to success.”
According to marketsandmarkets, Artificial Intelligence in the manufacturing market is expected to grow from USD 1.0 billion in 2018 to USD 17.2 billion by 2025.
Afticial Intelligence in Manufacturing Market, By Region (USD Billion)
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
17.2
North America Europe APAC RoW
1.0
The key is to take advantage of this trend in time to ensure that your company does not lose out to the competition. The scope of application for artificial intelligence in manufacturing is remarkably vast –from real-time maintenance of machinery to better supply chain models that allow your company to adapt to an ever-changing market.So let us look at some of the key benefits of AI in manufacturing.
The key is to take advantage of this trend in time to ensure that your company does not lose out to the competition. The scope of application for artificial intelligence in manufacturing is remarkably vast –from real-time maintenance of machinery to better supply chain models that allow your company to adapt to an ever-changing market.
So let us look at some of the key benefits of AI in manufacturing.
Preventive/predictive maintenance
Ongoing maintenance of machinery is a huge expense for manufacturers and the shift from reactive to predictive maintenance has become a must for all manufacturers. By using advanced AI algorithms and artificial neural networks to formulate predictions regarding asset malfunction and briefing technicians ahead of time, AI has managed to save businesses valuable time and resources.
In addition, predictive maintenance has helped extend the life of machines and has resulted in an overall reduction in labour costs.
However, many companies still feel that Predictive Maintenance costs are burning a hole in the pocket. In that case, they can try preventive maintenance solutions as this will help the businesses prevent unplanned maintenance and repair costs for some time for an interim period before getting ready for predictive maintenance implementation.
Generative design
With a marked rise in consumerism, manufacturers are struggling to meet the demand for increased customization and product quality. Enter generative design – a process where designers can now input various parameters like material types, available production methods, budget limitations and time constraints into an AI algorithm referred to as generative design software to get a list of possible configurations. The algorithm also uses Machine Learning to test possible configurations in order to hone the best options.
The main advantage of the generative design process is the fact that it eliminates human bias and tests design options in a variety of manufacturing scenarios to ensure that performance demands are met adequately.
Optimizing supply chain
Artificial intelligence algorithms can also help optimize manufacturing supply chains by stimulating market demand ahead of time.
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By taking a variety of parameters into account like location, weather patterns, and socioeconomic conditions, AI algorithms can forecast market demand accurately that helps companies optimize their go-to-market strategies well in advance.
Computer vision
Machine Learning algorithms today can detect minute defects, which are well beyond the resolution of the human eye, and send alerts in advance to the machine as well as technicians.
These are just some of the ways in which AI is transforming manufacturing and there is no question regarding the fact that AI is key to staying relevant in today’s competitive market.
According to the Forbes survey, more than half of the participating companies in the automotive and manufacturing sectors plan to increase their AI spending by up to 10%. By not digitizing their manufacturing process, companies will incur greater costs and lose market share to the competition.
As a CEO of a company, running your business more effectively will be your biggest challenge. Every business involves complex processes and the solutions to address these challenges vary. Nevertheless, there is a common challenge that every industry faces on a daily basis: workplace and employee safety.
Ensuring the safety standards in a company is a must for any business owner as this demonstrates the leader’s commitment towards the employees. Also introducing the safety standards for employees will reduce the potential mishaps happening in the work environment.
This is the reason why most industry leaders have adopted Employee Health Safety Management systems to keep a tab on the employee and workplace safety.
EHS management software – market size
According to a report from Statista, a global research leader, the market size of the environmental health and safety (EHS) software market size worldwide is exploding from 930 mn (USD) in 2016 to 1410 mn (USD) in 2020.
From the above statistics, it is evident that most industries are investing in EHS management software to improve their workplace safety.
EHS management system
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Automates incident reporting Enables the workforce to monitor, investigate and report on incidents on-the-go using a user-friendly mobile app. This helps the employees to capture and submit mishaps in the project zone quicker and easier.
Helps assess equipment availability & conditionsEnables the workforce to perform the everyday equipment checks seamlessly with a click of a button in the application. The data will be updated in the backend instantly. This saves the time of both the workforce and managers.
Aids in raising observations instantlyRaise observations for faulty or missing equipment to respective authorities on the go. Any workforce can capture a photo of the faulty or missing equipment and push it to the managers to perform the corrective actions.
Helps enable faster corrective actionsGenerally, submitted safety observations take a long time when performed manually as there will be many levels of approval. However, with a system in place and real-time data authorities will be able to make corrective actions faster.
Identifying threats or defects in the workplace is extremely hard as employees have to perform this manually. Involves a lot of paper-based processes, resulting in time delays and increased spending.
Manual incident reporting
Having an environment with defects or damages will be difficult for both the employees and business owners as any accidents within the workplace will affect the overall morale of all the workforce in the entire company.
Unsafe work environment
No employees would prefer to work in a location where there are no safety measures implemented. Most often the fear of potential accidents looming in the future will be clocking in their mind, leading to productivity loss.
Demotivated employees
According to different reports, more than 65% of fatalities happen in the project zone where there are zero safety measures.
Increased risk
The process of change management involves a lot of processes and without a proper system in place, managing the changes will be a nightmare to business owners. Lack of system hurts the leaders as they won’t have any clue on the process from initiation to full completion and visibility across different departments, facilities.
Tiresome change management
Every industry has a set of protocols for employees and most often sharing the same with new employees every time won’t be easy, however extremely important to avoid legal complications.
Demotivated employees
With an incident management system in place, ensuring your workplace and employee safety becomes seamless and helps you avoid the potential challenges discussed above.
Some of the challenges businesses face due to lack of comprehensive EHS systems are listed below
Reduces riskAs the app helps employees to perform the actions from anywhere or any part of the project zone without any hassle and ensures faster corrective actions employees feel safe and secure. This reduces the risks involved in the project zone.
Motivates employeesWith a faster way of reporting any accidents within the environment motivates employees and improve productivity.
Seamless change management & complianceEHS management application helps the enterprises with seamless change management as they complete control of the initiatives from start to end, including documentation. Also, the app will ensure the employees stay compliant as the workplace protocols can be shared through the application to any new employee without any difficulty.
Well, by now you’d have realized that adding EHS management software to your business will improve employee and workplace safety.
Stated below are some of the ways a digital EHS management solution will help your business.
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It is rather prudent to use the customer life cycle to make the business case for digital investments. As you look for external experts/agencies to be your digital transformation partner, the market has a wide choice – across technology and industry segments.
Obvious considerations before choosing the right technology partner for your digital transformation journey (as with any technology implementation) are:
Desired specializations and services, eg. mission-critical solutions, UX/design, social media etc.
Previous work/client references
Technology alliances/partnerships
Industry experience
Use of offshoring services
Company size, financial, structure etc.
Company culture: e.g., contributions to the industry, investment in staff training, workforce diversity etc.
Let’s go beyond the obvious and look at three table stakes in choosing the right partner.
DIVE DEEP AND THRIVE – Do they have it in them to help you go to the next level
A good partner should not only have qualified personnel with the skills needed to execute your digital transformation project, but also the experience in your industry and an awareness of how that may affect the design and execution of the project.
If the agency is going to help you change your business processes and ways of working positively through digital transformation, they must demonstrate evidence of them having performed the same tasks at other businesses. Look for case studies or evidence of the work they’ve done for others and the positive impact it’s had for those businesses.
Then, your digital transformation partner needs to understand your business goals inside out, get a complete grasp of you and your employees and the existing processes, technologies of digital transformation. By doing so, they will be better placed to understand what your business needs are and what technology will have the most positive effects on your way of working.
Finally, they have to work with you on a roadmap for your digital transformation, proposing sustainable, customizable, flexible solutions that meet your needs.
3 Points to consider while choosing a digital transformation partner
Automates incident reporting Enables the workforce to monitor, investigate and report on incidents on-the-go using a user-friendly mobile app. This helps the employees to capture and submit mishaps in the project zone quicker and easier.
Helps assess equipment availability & conditionsEnables the workforce to perform the everyday equipment checks seamlessly with a click of a button in the application. The data will be updated in the backend instantly. This saves the time of both the workforce and managers.
Aids in raising observations instantlyRaise observations for faulty or missing equipment to respective authorities on the go. Any workforce can capture a photo of the faulty or missing equipment and push it to the managers to perform the corrective actions.
Helps enable faster corrective actionsGenerally, submitted safety observations take a long time when performed manually as there will be many levels of approval. However, with a system in place and real-time data authorities will be able to make corrective actions faster.
Reduces riskAs the app helps employees to perform the actions from anywhere or any part of the project zone without any hassle and ensures faster corrective actions employees feel safe and secure. This reduces the risks involved in the project zone.
Motivates employeesWith a faster way of reporting any accidents within the environment motivates employees and improve productivity.
Seamless change management & complianceEHS management application helps the enterprises with seamless change management as they complete control of the initiatives from start to end, including documentation. Also, the app will ensure the employees stay compliant as the workplace protocols can be shared through the application to any new employee without any difficulty.
Well, by now you’d have realized that adding EHS management software to your business will improve employee and workplace safety.
White paper - Hakuna Matata solutions
White paper - Hakuna Matata solutions
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Being good at one thing is great. What digital transformation demands is the ability to adapt, stay agile and develop solutions that can scale with the organization. The technology partner you choose should have a track record of meeting market demand.
For example, you can check how the company turned challenges like Cloud Computing, delivery of mobile capability, GDPR, etc. into opportunities.
Another area of flexibility is the company’s technical alignment. A closed architecture means you will end up having issues with integration, maintenance and scale down the road.
Look for pointers like integration standards (does the offering have open API’s and what standards do they support?); interfaces (can they create custom interfaces to create new digital scenarios by connecting applications?). Another critical consideration is deployment flexibility (cloud, on-premise, or hybrid) depending on how your business (or regulations) evolves.
Speed with consistency is everything in this fast-paced, new technologies based, innovation-driven change. The digital transformation partner you choose must bring with them:
Faster Time-to-Market enabled by a robust planning & execution strategy and the necessary technology building blocks to speed up the implementation process
Best-of-breed solutions enabled by partnerships with technology vendors who are disrupting the digital transformation space
New Technology capabilities powered by new channel enablement with mobile, social interactions, and data analytics.
Conclusion
Manufacturing industry is all set for change and digital transformation has started to impact. With automation becoming a necessity rather than a choice, most manufacturing companies reinventing their process, system and production quality through digital solutions are experiencing better results than those are not. So, tomorrow’s manufacturing companies have to adapt to digital solutions to improve their production rate, reduce TCO and efficiency.
STRETCH EASY AND WIDE – Do they have the flexibility in thinking and doing?
RUN FAST AND STEADY – Can they build innovative solutions at a pace that matches your organization’s market demands?
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