| |December 20219of machine and in-turn increase the productivity, ROI and speed to market.Industry 4.0 spans the entire product life cycle and supply chain design, sales, inventory, scheduling, quality, engineering, and customer & field service. Everyone shares informed, up-to-date, relevant views of production & business process, and much richer & more timely analytics. What are the benefits of adopting an Industry 4.0 model for the businesses?Industry 4.0 is enabling service provider to have a collaborated approach to improve productivity, efficiency and knowledge by sharing API and Resource even by not owning same to reduce cost, making them more customer centric and deliver increased customer experience. Industry 4.0 is enabling customer delight in new paradigm by giving on time product with optimised cost.The smart factory, also called as 'the factory of the future' is the keystone of the fourth industrial revolution. Smart factory is the centrepiece of Industry 4.0, and the defining characteristic of a smart factory is its interconnection with other factories. Will the benefits of Industry 4.0 will be reserved only for large enterprises with multiple facilities?Industry 4.0 is enabling all stakeholders of product life cycle ( provider) to collaborate real-time through common platform by sharing infra, cloud, API, application and even factory to produce smart customer solution for customer problem with optimum cost, and this enabling/providing new age of platform without any dominance of big manufacturers. In this journey, success and growth is for all who will participate in this journey. Predictive analytics is giving edge to domains like Preventive Maintenance, Reliably center maintenance to predict machine behaviour in future and proactive action to line-up
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