Value Chain and
Operationalize Industry 4.0
Industry 4.0 and industrial internet of things are here, and there is tremendous value at stake. Within the modular structured smart factories, cyber-physical systems monitor physical processes, create virtual copy of the physical world and make decentralized decisions. Over the Internet of Things, cyber-physical systems communicate and cooperate with each other and with humans in real time, and via the Internet of Services, both internal and cross-organizational services are offered and used by participants of the value chain. Are your ready?
Leaders of traditional capital-equipment, process and consumable suppliers turn to Accredent to develop IoT strategy, apply digital transformation to their business operations and business models, and respond with new data- and software-enabled operations and services.
Industry 4.0 creates what has been called a "smart factory". Within the modular structured smart factories, cyber-physical systems monitor physical processes, create a virtual copy of the physical world and make decentralized decisions.
Implemented correctly, connected data-driven operational improvements supercharge lean to reduce or eliminate valueless operational activities in a way never before possible. Utilizing sensors and data models to take cost of wait time, optimize transportation, control inventory, prevent overproduction, reduce defects and improve flow through across the value chain.
Improve Reliability and Increase Utilization Rates
For downtime-sensitive applications predictive-maintenance services increases equipment reliability. Equipment providers can analyze customers' equipment data and provide services to improve performance: the potential increase in productivity through optimized, data-driven operations for customers can drive productivity increases of up to 30 percent.
Better Business Agility Through Aligned Digital Experience and Operations.
New modern connected customer journeys form as on-line, physical and product customer experiences merge seamlessly into one experience – pre-sales, post-sales and resale – across the entire brand journey and value chain. Each customer journey touch-point captures insights about points of friction and opportunities to improve customer experience. These insights inform operational improvements to remove friction and improve experience. This virtuous loop of insights and improvements become a source of continuously improving business agility and transitional competitive advantage. This is where all business in migrating to in one form or another.
Innovate and Improve Business Models
Connected data-driven business models allow companies to strengthen their ties to the customer and create new revenue sources. A thoughtfully planned and well executed connected data-driven and customer experience-driven business model can change the basis of competition and creates sustainable structural advantages that can take even the best "fast followers" several years to emulate.