Industry 4.0 & the future of productivity

By Dr. Alin Posteucă

Industry 4.0: best practice, the role of man and the future of productivity in factories

Increasingly, it is believed that Industry 4.0 will significantly transform the design, manufacture, operation, services and manufacturing systems as a whole. As some of you already know, Industry 4.0 has 9 pillars: (1) Big data and analytics; (2) Autonomous robots; (3) Simulation; (4) Horizontal and vertical system integration; (5) The Industrial Internet of Things; (6) Cybersecurity; (7) The cloud; (8) Additive manufacturing și (9) Augmented reality. In fact, lately, Industry 5.0 is already talking.

So what examples of Industry 4.0 best practice do you know? What is their impact on the long-term plant productivity (equipment, man, materials, space and utilities)? Starting from the fact that the difference will continue to be done by man, which may be the role of man in the future in a Industry 4.0 environment?

Dr. Alin Posteucă is the founder and CEO of Exegens®, a global consulting firm specializing in operational excellence, cost improvement and business performance improvement. He helps his customers create and implement profitable strategies and cost improvement programs that ensure a unit cost improvement of at least 6% per year for each of the next 5 years by maximizing the efficiency and effectiveness of operations.

He is the author of the Manufacturing Cost Policy Deployment (MCPD) concept published in three books at Productivity Press - Routledge/CRC. The latest, Manufacturing Cost Policy Deployment (MCPD) Profitability Scenarios, centers on his core belief that annual and multiannual target profit can be achieved regardless of the evolution of sales volumes, increasing or decreasing.