INDUSTRY 4.0/IIoT
COVID-19 sent a clear message that business adaptability is key to commercial survival
installations – but now, with clear evidence of how much time and energy can be saved, it is likely that they will want to continue with this service as normal in the future. As, indeed, it should be. Caterpillar has
reported that 90% of failure in its equipment is preventable through regular inspections, timely service, and part wear replacement, monitored using its remote inspection app5 Deploying the same approach through
.
Industry 4.0 connectivity standards and cloud- based services on production lines allows for real-time monitoring and detection of potential issues before they arise. This also creates a wealth of data – so-called data lakes – that can be further analysed to optimise operations and production line efficiency at an industry-wide scale. Such connected services present the
opportunity for industry providers to move from the traditional, reactive approach to a more proactive model, focused on maximising machine uptime and improving productivity. While we all hope that the year 2020 was an anomaly, the reality is that industry has
irreversibly changed. Manufacturers are now expected to be able to cope, even thrive, under volatile circumstances and it is all too clear that the technology is there to enable businesses to do just that. What has been achieved in the last twelve
months may yet be eclipsed by the advancements of the next twelve, even six, months if the same pressures remain on manufacturers and supply chains to cope with increasing market volatility. Sources: 1
PC-SEP19-WELWYN.qxp_Layout 1 14/08/2019 10:59 Page 1
-to-reopen-factories-after-covid-19 2
McKinsey, ‘Industry 4.0: Reimagining
manufacturing operations after COVID-19’,
https://www.mckinsey.com/business- functions/operations/our-insights/industry-40-reimagi
Twilio, ‘Covid-19 Digital Engagement Report’,
https://www.twilio.com/covid-19-digital-engagement-
ning-manufacturing-operations-after-covid-19# 3
report 4
Supply Chain Management Review, July 2020 5 Caterpillar:
https://www.caterpillar.com/en/
The Economist, “How to reopen factories
after covid-19”, accessed 24th June 2020
https://www.economist.com/briefing/2020/04/07/how
news/caterpillarNews/customer-dealer-product/cat-
inspect-million.html?
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SEPTEMBER 2021 | PROCESS & CONTROL 9
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