Several industries have been using new age technologies such as AI, Cloud and IoT. Among the using industries, there are FMCG, BFSI, telecom, retail and healthcare industries. It is digital manufacturing. It makes the industry productive and cost effective. It is Industry 4.0 with refined strategies, digital technologies and operational execution. There is cost optimisation and the supply chains run smoothly.
A production line generates 70 terabytes of data everyday. It has to be analysed. Manufacturers combine automation, Cloud and AI to unlock value from the data. It facilitates maintenance, forecasting, improves reliability and product quality and reduces production cost. There are inherent multiple benefits of Industry 4.0.
IBM uses MaxPro — a package of IT solutions. These solutions are powered by Cloud, AI, analytics and IoT. There is real-time data analysis. Data is instantly available. The machines are inter-connected. A digital thread runs through the organisation and value chain. The prerequisite is good IT infrastructure. It should enable zero-latency within and between business processes.