Industry 4.0

The next wave of change breaking over organizations across the world. Digital technologies such as cloud, automation, robotics, and artificial intelligence are vital enablers of this transformation, but it is not enough to use these to simply mechanize existing functions.

What does this mean for enterprises in the Business 4.0 world? 

In the Business 4.0 era, organizations build upon their strong digital technology foundations to pursue certain economic behaviors – leveraging ecosystems, personalizing at scale, embracing risk and creating exponential value – even as they shift their mindsets to harnessing abundance rather than optimizing scarce resources. 

While these longer-term trends continue to drive them towards growth, transformation and sustainability, we believe that in the medium term, enterprises need to focus on the more urgent imperatives of ensuring resilience and adaptability during difficult times. 

To be adaptable, several approaches – including taking a platform view and leveraging ecosystems, borderless capacity enhancement or redesigning the supply chain and repurposing assets – could be helpful. A prerequisite for this, though, is flexible technology architecture. The technology pillars of Business 4.0 – agile, intelligence, automation and cloud – become the foundation for an adaptive core or ‘digital spine’ for the organization. 

How S4D helps

Redefine business models to create exponential value: 

By enabling contextual insights and constant connectivity, digital technologies allow companies to go from realizing incremental gains to unlocking exponential value. 

IoT, for example, connects machines, devices, sensors and systems to rapidly process and interpret equipment data and intelligently manage performance to prevent potential problems from becoming real ones. With continuous insights into product performance and how users are interacting with devices or services, companies now have unparalleled opportunities to fuel innovation across the product development lifecycle. 

Blockchain, As the Fourth Industrial Revolution spreadsacross domains, it is time for business owners to accelerate their adoption of blockchain and its use cases. Every type of business can benefit from the inclusion of blockchain-based capabilities. Blockchain consulting and development services can steer these businesses to success. 

Blockchain technology can offer the following advantages to your firm, providing a clear rationale for implementing it in your business: 

  • Transparent Tracking: Thistechnology enables end-to-end visibility and single-source tracking. Businessescan view their supply chain components transparently using this technology.This aspect helps them gather cohesive insights and drive decision-making. 
  • Enhanced Security: The end-to-end cryptographicprotection of data on the blockchain offers heightened security. The dataremains unalterable due to the unique design of a blockchain platform.Moreover, the decentralized storage system minimizes the risk of hacking. 
  • Inventory Management  and Customer Satisfaction: The highvisibility of blockchain records helps isolate specific items and assess data.These capabilities support better inventory management decisions. For example,decisions regarding the recall of a contaminated product batch can benefit froma unified source of high-visibility data. At the same time, this aspect alsoallows businesses to deliver reliable information to customers so they canbetter understand the source of their products. 
  • Speedand Automation: Storing data on ashared ledger with clear visibility for participants reduces the need formanual modifications. Any updates on the blockchain lead to subsequentreflections on the records held by all the authorized viewers. This featuresupports agility and speed for the business, promoting efficiency.