In the last few years, outsourcing has become a successful and widespread business strategy, with enterprises only using internal staff for core business functions while asking external actors to complete an array of secondary tasks. The outsourcing industry represents 31% of IT services in the world, and the global outsourcing market generated an average of $92.5 billion in revenue between 2000 and 2019 (Statista).Read More
Industrial automation promises to make your organization far more profitable and succeed faster than ever before. It promises to improve product quality and increase a manufacturer’s flexibility.
Specifically, organizations can speed up and optimize their repetitive and discrete processes. By collecting better data and using advanced algorithms, machines can make the best production decisions so that the plant can reduce waste and improve the production process. Plus, with better data, your organization will be able to make better decisions.
An organization’s ability to grow and compete in today’s competitive environment is directly proportional to their integration ability, specifically systems integration. The pursuit of an integrated system is no longer optional for any business, in good times or bad.
An effective integration strategy is key to making multiple units work together to improve performance, increase efficiency and capacity, lower cost, and discover unique opportunities that only appear when you look across business functions.
The 21st-century has been appropriately named the integration century. Soon, every single business — from the major conglomerate in varying industries to the small-local business — will need to integrate their systems and data if they want to successfully overcome the challenges of tighter profit margins, increased governmental regulations, and the demand for customization and personalization.
Nearly 200 years after the first industrial revolution, the world is at the start of a fourth revolution. One that offers a great promise and many benefits. This revolution is known as industry 4.0.
Today’s technology — big data, cloud computing, and the Internet of Things (IoT) — is driving this new industry. It promises to make productization faster, create better profit margins, and give companies a competitive advantage in an increasingly competitive environment.
It’s going to take the manufacturing automation to the next level. Business models will be impacted, redefined, and new ones will be created. Machine safety will increase and risks to worker will decrease. It will touch the world.