Industry Analysis
Digital technologies are increasingly being customized to serve the needs across multiple industries with maximum application being witnessed in automotive, healthcare, aerospace and defense, chemical and consumer goods.
The automotive industry is witnessing rapid digital adoption with benefits including faster time-to-market and lower costs. The A&D industry has one of the highest rates of digital adoption owing to the sheer complexity of its value chain. Digitalization in healthcare is centered around medical devices and pharmaceuticals. Even though, the chemical and consumer goods industries are late bloomers, they are now not only transforming production but also creating smart supply chains and new business models.
Source: McKinsey
Digital disruption recently started in the consumer goods industry
Diaper Manufacturer uses Predictive Maintenace
Reduction in Maintenance Costs Range ( %)
10% to ----------------------------
40%
A diaper manufacturer had been replacing cutting blades at fixed intervals regardless of their working condition. This sometimes resulted in blades being replaced too soon or too late, which either increased costs or affected productivity.
To address this problem, the company installed sensors in its machines which could detect microfibers and other debris which indicated blade dullness. This data was then uploaded onto the cloud and fed into customized algorithms to determine the best time for replacement of the blade.
According to McKinsey estimates, the application of predictive analytics by consumer goods companies has decreased maintenance costs by 10%-40%.
Source: McKinsey
Industry 4.0 Technology Examples
Predictive Maintenance
The constant capture of the system parameters to predict future failures. Cutting-edge data analysis (machine learning) can be used to accurately predict imminent damage.
INDUSTRY 4.0
Condition Monitoring
Regular/permanent capture of the system status using sensor technology and measuring systems, such as endoscopy, thermography, and vibration measurement.
Industry 4.0
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