Industrialization 4.0 is transforming the way most businesses work and operate. Being at the forefront of the fourth industrial revolution, Industry 4.0 technologies have become increasingly popular across manufacturing and supply chain processes. Over recent years, there has been a substantial rise in the number of connected devices in the aforementioned industries. At the same time, more businesses are using cloud ERP systems to manage their routine operations that clearly indicates the massive influence of Industry 4.0.
The automobile sector has been one of the early adopters of Industry 4.0 as it predominantly fosters the use of the internet of things. According to a global market research, the automotive-IoT market is expected to reach $82.8 billion by 2022. Interestingly, this figure was a mere $20 billion in 2016. Therefore, it represents a compound annual growth rate of 26.7 percent between 2016 and 2022. Similarly, the automotive cloud solutions market is projected to grow to $66.95 billion by 2022. These numbers indicate the growing applications of Industry 4.0 technologies in the automobile sector.
Here, we shed light on the importance of Industry 4.0 implementation services to strengthen and streamline operations in the automotive sector.
Also, Read Industry 4.0 and Its Impact On ERP Systems
Benefits of Industry 4.0 In The Automotive Industry
Industry 4.0 refers to the fourth industrial revolution that focuses on transforming traditional manufacturing, production, and supply chain processes through advanced automation mechanisms. That said, an increasing number of automobile companies are rapidly embracing Industry 4.0 technologies such as IoT, cloud computing, artificial intelligence, cognitive computing, and big data analytics. The advent of these technologies has enabled automobile companies to set up smart manufacturing units to achieve higher levels of productivity. Let’s move ahead and discuss some of the main benefits of Industry 4.0 implementation services for the automotive industry.
You may also be interested in reading Strengthening Manufacturing Processes With Industry 4.0
Connected Vehicles
The advent of IoT in the automotive industry has given birth to a new age of connected vehicles, enabling a bidirectional flow of data between moving vehicles. Besides, with different types of sensors installed in connected vehicles, it is now possible to receive real-time information about GPS location, tire pressure, engine temperature, and more. Some other critical features of connected vehicles are automatic route planning, adaptive cruise control, and autonomous vehicle braking for collision prevention.
Autonomous Driving
Autonomous driving technology incorporates super artificial intelligence algorithms and advanced driver assistance systems to equip vehicles with self-driving capabilities. It means that vehicles are capable of driving themselves with minimal human interventions. Self-driving cars are likely to become a part and parcel of our lives in the foreseeable future. Several automobile companies like Tesla and Honda motors are currently in their final stages of the trial. Nevertheless, we are going to see some major developments in the coming months.
Agile Supply Chain Operations
The entire automobile industry relies on supply chains for the timely procurement of raw materials and delivery of scheduled batches. Implementing Industry 4.0 technologies like IoT and cloud computing brings agility to supply chain operations and renders greater transparency. In addition to providing features like real-time asset tracking and improved warehouse management, Industry 4.0 technologies aid in intelligent decision-making. Above all, it enables automation at every stage, thereby reducing operational complexities and overhead costs.
Improved Production Efficiency
Industry 4.0 implementation services enable automobile manufacturers to boost their production capacity while also improving production efficiency. Besides, developing intelligent algorithms enable automobile companies to accelerate their routine production tasks and achieve higher levels of productivity. It further helps them expand to new horizons and amplify their profits by generating new revenue streams.
Also, Read Internet Of Things And Its Impact On Enterprise Resource Planning
Conclusion
Although a majority of automobile companies are proactively using next-gen technologies and smart manufacturing techniques, there is an apparent lack of connectivity between humans and machines. Data security remains a major concern for most manufacturers as they feel reluctant to share their customer data with third parties. However, there are ample facts available to debunk the common myths associated with data vulnerabilities in IoT systems. It is, therefore, high time for companies to rise above such spurious notions and embrace the principles of Industry 4.0.
Why Choose Oodles ERP For Industry 4.0 Implementation Services?
We are a 360-degree ERP development company having years of experience in building enterprise-grade software solutions for manufacturing, distribution, and supply chain businesses. Our development team specializes in implementing Industry 4.0 technologies to enhance the features and capabilities of your existing business applications. Besides, we use the latest tools, frameworks, and SDKs to render frictionless Industry 4.0 implementation services to address cross-industry business challenges. For more information, please visit our website or write to us at [email protected].
