Potential across sectors
The transformation by Industry 4.0 is multifaceted. It reduces costs, changes business models, and demands new employee profiles. Some sectors benefit more than others –all in all, however, there are significant opportunities for all industries. Companies can now seek answers to questions that weren’t informed by sufficient data in the past.
1. Smart sensors reduce costs
When considering the cost savings made possible by new measurement technologies, a few things are notable. Companies that appropriately train employees and adapt production processes can improve their just-in-time processes by using sensors. Efficient use of sensors also reduces maintenance time and prevents waste because rejects are decreased. In some industries, sensors also enable more accurate unit cost and unit revenue calculations, opening up new prospects in cost management.
2. Smart sensors transform the company
Smart sensor measurements shorten response times and allow for smaller batches, enabling customer requests to be met faster. The entire market is currently shifting; the trend is moving away from pure production assistance for existing processes and toward developing new services and industrial products. Sensors have become a decisive success factor for innovation and developing new business areas.
3. Smart sensors shape new employee profiles
As part of Industry 4.0, many jobs are being upgraded as new correlations are recognized and processes adapted accordingly. The result is a range of new job descriptions for employees. In the future they will work as industrial data scientists in robot coordination, supply chain coordinators, or simulation experts and service engineers for the new tools.