As Industry 4.0 revolutionizes almost every sector in manufacturing, the chances of its effect solidifying in smart cities development plan is high. In order to ace yet another test, the CIOs need to equip themselves with the following ideas.
Fremont, CA: Even If the Industry 4.0 originates from the field of advanced manufacturing, Its essence will spread unanimously into other segments like utilities and smart cities. The chances of using the technology to coordinate amongst supply and demands of the energy grid and other elements of the smart city are significantly high.
With industry 4.0, the systems in the smart city development plan which will transform to become more automated, data-driven, and utilizes more technology in critical tasks. Anything under Smart cities that are connected to the internet or produces data or optimizes operations is the more general target of industry 4.0. Many current trends, such as IoT, big data, predictive analytics, and all business in the digital spectrum, are inextricably involved in the revolution.
Since the technology flood, energized by industry 4.0, is guaranteed in smart cities, there are some trends the CIOs can implement to future-proof the organization.
Along with hard work, the CIOs can apply the following trends to prepare the company for industry 4.0 revolution:
1. Plan Keeping the End Result in Mind:
CIOs need to recognize what is essential for the company by understanding its key business initiatives. By prioritizing based on business, financial, or customer perspectives, insights obtained can be utilized to monetize the technologies. As technological advances that behold the future of Smart Cities and Industry 4.0 are unknown, it is important to plan a flexible strategy for the development of the organization.
2. Understand Industry 4.0 Within A Business Framework:
When CIOs are familiar with the working of the technologies, support for the required business, and operational opportunities can be potentially addressed. By getting acquainted with the positives of the technology, an apt method to leverage from it can be established. Similarly, by learning the negatives of the technology, the gaps can be detected and fulfilled.
3. Build Out the Solution Architecture:
Companies should encourage the holistic architecture that makes up the technologies, which deliver smart and intelligent industrial applications. Technologies that leverage edge-to-core IoT analytics to create a constantly learning entity.
4. Drive AI Organizational Alignment and Adoption with Design Thinking:
Organization alignment and adoption can be driven by adopting design thinking as it suggests where and how these technologies can be applied to get the best desired results.
5. Enhance the Organization’s Data And Analytics Capabilities:
If CIOs become an expert in acquiring, integrating, filtering, enriching, protecting, and analyzing/mining the data source of the customer, product, and insights that empower the company’s top-priority business programs.
6. Analyze the Analytic Insights:
By embedding analytics insights and evidence-based recommendations into smart products and spaces that educate each customer and operational designs. These insights can be utilized to apply in an array of flexible technologies after industry 4.0 has converted the industry in full swing.
7. Monetize the IoT Edge:
IoT edge cab is enabled to obtain real-time operational and product performance optimization that enhances the in-depth business decision-making and extends much value to the customers and company alike.
8. Identify How Smart Factory Technology Could Meet The Needs:
The responsible shipping and manufacturing driven by real-time cloud data are derived from the same technology. Real-time information produced on all stages of product development can be delivered by the Internet of Things. Predictive optimization of business operations through machine learning can also encourage the revenue intake as the work is systematically planned.
9. A Five-Year Plan For Meeting Needs Through New Technology:
By 2020s, Several major industrialized nations will have adapted the Industry 4.0 technology. CIOs should start approaching the local technology firms and formulate plans for the integration of new solutions. It is also necessary to ensure routine awareness of developments related to international standards regarding Industry 4.0 technology. It is always a safe bet to insist on modular technological solutions, which remain open to new developments during the period of a technological renaissance.