IMC Presentation 21:05 Minutes

by Reinaldo Silva, Facteon Intelligent Technology Limited

For many businesses, making an operational upgrade can be particularly daunting. However, with the technological revolution and subsequent innovation levels unlikely to cease anytime soon, businesses need to work together to overcome perceived barriers affecting their adoption of Industry 4.0 technologies. With any operational change, there are corresponding changes in both workplace processes and culture. It’s one thing to adapt to newer automated software systems, but inspiring new streams of collaboration in the wake of these continues to challenge managers. It’s no longer business as usual, but teamwork remains key to optimizing operations. There’s also a misconception that modernizing a factory means that it must be refitted with the latest machinery and this can be a significant, yet unnecessary, roadblock for many looking to start their Industry 4.0 chapter.

It doesn’t have to be this way. Ultimately, the key to successful implementation of revolutionary technology is retaining an intrinsic focus on your business needs. Unless these are fulfilled, the application of multiple trending technologies is pointless. Often, existing machinery can be leveraged to prevent unnecessary financial expense. The solution can sometimes be as simple as fitting sensors and Industrial IoT hardware to current operational assets. This lack of education and understanding around such Industry 4.0 principles and the ways in which technologies can be applied meaningfully, is impacting the growth of manufacturing.

Manufacturers should be actively learning from Industry 4.0 solutions providers who have already navigated this journey and know how to successfully combine existing and new operating technology (OT) with innovative information technology (IT) to provide the right Industry 4.0 solution that can enable manufacturers to improve efficiency, reduce waste, trust processes and increase profit and achieve the ultimate goal of becoming truly globally competitive.

Upcoming Events

August 9 - August 11 2022

MaximoWorld 2022

View all Events
80% of newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!

Predictive Maintenance: ROI And How To Build The Business Case

In this ReliabilityTalk Coffee Break, Terrence O’Hanlon and Sean Gregerson from Aveva will discuss the roadblocks for building the business case for predictive maintenance. To assess the right ROI, it is key to understand what impact predictive maintenance could have for your business and how to set priorities accordingly and involve the stakeholders necessary for success.

Do you know which assets are critical to your business success and what data is needed to monitor assets or process anomalies? Learn what factors determine a successful pilot and what is needed to scale rapidly for a quick ROI.

Outage Management Using Projects: Implementation and Lessons Learned

Outage Management Using Projects: Implementation and Lessons Learned

Power plants manage outages multiple times a year. We will review the challenges we faced with the out of the box solution and the reports, custom fields, and new applications we created to manage the outage projects more efficiently and effectively.

Electrical Equipment: When Good Times Go Bad

Electrical Equipment: When Good Times Go Bad

It is easy to understand that we should properly maintain electrical equipment, but what is the potential risk associated with inadequate electrical equipment maintenance?

Digital Built America: Interview with Michael Salvato and Kariona Lord-Levins

Digital Built America: Interview with Michael Salvato and Kariona Lord-Levins

A conversation with Michael Salvato and Kariona Lord-Levins discussing the now and future of digital built America.