Last week we attended an interesting conference on “Industry 4.0 as a key factor of competitiveness”, organized by the Official College of Telecommunications Engineers of Aragon (COITAR) and the Official College of Industrial Engineers of Aragon (COIAR), to talk about The challenges and opportunities of the already nicknamed “Fourth Revolution”.
Industry 4.0 is a phenomenon of digital transformation of the productive processes of the industry that is based on 9 main axes: Big Data, Cloud Computing, Cybersecurity, Robotics, Internet of Things (IoT), Simulation and Prototyping, Augmented Reality, Culture E Integration of processes, topics that will be discussed in future publications.
The process of digitization in the industrial sector of Aragon
According to the PwC Industry Report 4.0, 33% of global industrial companies currently have an advanced level of digitization and the forecast for 2020 is for the figure to reach 72%. However, in Spain the process is substantially slower, having a current digitalization level of 8% and expecting it to reach 19% in the next few years. This is mainly due to the lack of a digital culture and adequate training, as well as a lack of knowledge of the economic benefits of investing in digital technologies and may pose a risk of loss of competitiveness.
Aragon, for its part, has approved a digital platform that facilitates the incorporation to Industry 4.0 within the Strategy for Economic and Industrial Promotion of Aragon 2017-2019. Some lines of action are already being implemented within the Aid for Industry and SME Program in Aragón (PAIP) with an economic endowment that could reach 3.28 million euros: aid for investment, R & D, The protection of industrial property or specialized consulting projects.
Digital transformation process
The incorporation of all the elements that make up the Industry 4.0 facilitates the flow of information from the physical world to the business decisions in real time, being the aerospace, automotive, chemical, electronics or engineering and construction sectors some of the most advanced.
Digitalization of productive media and processes and data integration
Digitalization of products and services from the sensor
Redefinition of business processes: new revenue channels
Advantages of digitization for industrial companies
Revenue growth: digitally advanced industrial companies will experience an additional increase of their annual average turnover of 2.9% in the next five years. In Spain, it will be around 1%.
Cost reduction: operational costs can be reduced by 3.6% in 2020.
Increased efficiency: you will experience improved operations and process quality, increasing efficiency by more than 4% (automation, flexibility, speed and productivity).
Amortization of investment in a short period of time: an investment of around 907 billion dollars is expected to integrate digital technologies into business processes, a figure that is expected to be amortized quickly over a period of no more than two years.
Technology evolves at a frenetic pace, in fact the Fourth Industrial Revolution will be the fastest and most radical of all. Companies that manage to adapt to changes as soon as possible can generate a strong competitive advantage by becoming “smart factories”.
At Atria Innovation we offer customized advice and solutions to companies that are committed to innovation and technology. If you are thinking of digitizing your factory, do not hesitate to ask about the latest developments in industira 4.0, write us at: email@example.com