Key factors that drive transformation in the industrial world
The world is experiencing rapid urbanisation. Our cities are driving economic growth but are also experiencing major societal challenges: the demand for energy, water and waste management, with the need to reduce greenhouse gas emissions and create a circular economy. At the same time, our increasingly urbanised and ageing population is changing our way of life, our environment and our planet.
Building a world in which every one of us leads a happy and healthy life is crucial. Sustainable Development Goals are therefore established calling for action to promote prosperity while protecting the planet. Building a business on sustainable goals creates true value. It makes an organisation fit for the future, enhances its reputation and stock value, ensures safety and regulatory compliance, and creates an environment where employees are proud to work.
Digital transformation in a fast-changing world
Digitalisation is an inevitable reality. More and more businesses are using digital technologies to transform their operations, anticipating the challenges that the world is facing, while creating new and sustainable value chains, optimising the use of natural resources and capitalising on new technologies to drive productivity, safety and compliance.
Technologies such as data analytics, AI, IoT, digital twin and human-machine interactions are becoming critical for business transformation and success. These technologies are driving innovation and can be adopted quickly and at relatively low cost. For industry, Digital Twin methodologies allow businesses to run simulations, predict and prevent breakdowns, plan maintenance schedules, realise performance improvement and design improved engineering solutions within a secure digital space.
Digital Twin methodology and technologies such as AR and VR allow you to build, test and simulate different scenarios, gaining fresh insight and developing innovative solutions to questions such as: Where can we speed up production? Where are we wasting material, water or energy? Where can we improve the human capacity? Where is our inventory lacking? How can we improve the communication in our supply chain to understand the emerging demands of our customers? Which equipment needs servicing and maintenance?
As a result, your business can respond faster and more efficiently, offering lower volume, customised, sustainable and on-time solutions. An agile, dynamic and profitable best-in-class model is within reach.
Industry 4.0: putting it into practice
Industry 4.0 has been talked about for many years. Only today are we beginning to see solutions that turn theory into practice, that are transforming industrial operations through a combination of intelligent engineering and data modelling. Download our latest white paper to learn more.