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We dived into i-scoop’s guide to Industry 4.0, a massive and comprehensive material which prompted out the following highlights.

What is Industry 4.0?

Although you may find the definition everywhere on the net, the guide signals that some misunderstandings in relation to this concept are still common.

The term is often shortened to I4.0 or simply I4, and it originates “from a project in the high-tech strategy of the German government, which promotes the computerization of manufacturing” (Wikipedia).

However, currently the concept (revived in 2011 at the Hannover Fair), went beyond the manufacturing field. We are now taking about “various forms of manufacturing, the end-to-end digital supply chain and the final destination of all manufacturing, regardless of the number of intermediary steps and players”.

Industry 4.0 to its full extent is a continuously updated concept. Its core consists of transferring industrial “autonomy and autonomous decisions to cyber-physical systems and machines, leveraging information systems”. It involves embedding digital technology into the industrial assets involved in any part of the merchandise cycle. From raw materials to the end customer, services included, Industry 4.0 counts on “a connected environment of data, people, processes, services, systems and IoT-enabled industrial assets”.

Such a connected medium means dynamism, real time, increased responsiveness and an instant propagation of demand across all levels. No more overproduction, no more lack of supply, and the real time demand should get an immediate response in the global system. This sistem also solves other requirements and/or incidents with maximum efficiency.

With Industry 4.0, production would align itself with demand, distribution/sales and customer feedback, in a seamless system. Machines would “dialogue” trough data streams, while humans would intervene to OK decisions pointed out by the most accurate insights. And the universal language is data, while the communication means is digital.

 

Industry 4.0 Keywords

When speaking of Industry 4.0, a few essential keywords are:

Integration/Convergence

Real-time

Connectivity

IoT (Internet of Things)

Embedded

Sensors

Analytics

Big Data

Networks

Digital Infrastructure

HMI (Human Machine Interface)

Autonomous

Smart systems

Cyber Security

 

Step by step, towards a major structural change that will reshape society

Due to the major societal implications and to the novelty of the hyper connected, responsive production system, the specialists expect that full implementation of Industry 4.0 would reshape society.

There is quite a lot to be done until having a fully functional globally connected environment. Integrating divergent needs, geographical and economic considerations, accomplishing the infrastructure that would support such a construction – here are just a few examples of what needs to be done.

You can further explore i-scoop’s guide to see what vertical and horizontal integration mean. Also, check out various definitions of the concept. You may see what international consulting bodies put their minds together to establish the best solutions in this directions, relevant findings in this field and many other interesting details.

Just save some (considerable) time, and start reading!

And remember the key role played by software solution companies (just like we are), in helping companies join this movement, which incidentally is… our common future.

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Tech

Faced with a multitude of disruptors, all the software -interested businesses asses, learn and adapt at the quickest pace possible. The same challenges will take the successful organizations into the next age of modern industry.

We have often put ourselves in the shoes of our partners. It’s what we use, to be able to provide the best consultancy and to help them choose or develop the most suited solutions.

By doing this, we learned that business partnership-related concerns also touch relational areas. The functional, lucrative, project-focused issues are but one side. The way we communicate is also critical.

When you externalize through a business partnership, the values and skills of your partner always matter in a profound manner. The quality of the communication is important and partly determines the speed of response. The mutual consistency in the interactions coming from both sides makes sure that time will not alter the outcome of the project. Quality partnership rather increase the rate of success. Future ventures may appear and become reachable through a new project with the same partner.

 

The importance of finding the right business partner

We re-read  this HBR article that speaks of the role of the right innovation partner. A major challenge of the current business environment, innovation asks for change.

From the leading-edge tech companies to the smallest startups, all the actors of this complex playing field have to shift. We will all go from older mindsets to a dynamic, out-of-the box approach. The solutions are embedded in the new world we face, but finding them requires a different kind of search.

Now your next partner might be on the other side of the globe. Or it might be of a totally different size you may have imagined a couple of years ago. It’ more like a modular kind of approach, and the blocks vary in size and shape.

It may seem chaotic, but new landmarks appear even as we speak in this environment. Those who become pioneers validate the common points and discard the ones that only mark fugitive stages. But we can all be fast learners and spot the right landmarks right away.

 

What next

At Lasting Software we provide a suite of services and solutions. You are looking for software solutions providers. Meeting supply and demand is now not only a matter of the perfect preconfigured match, it’s also a matter of growing together.

We know our value. By looking back on out track record, we can describe our teams’ experience. Yet we are much more than this, because this type of presentation does not relay the potential. This element can only begin to unfold once the future business partners meet. Sometimes it even expands during the common projects, as we evolve together.

Check out our experience so far in the image attached to this post. But keep in mind that we are eager to evolve. To be there, to meet you at the new industry landmark. Our software solutions are moving forward. We feel prepared for different types of projects, too. Let’s talk about this!

 

To quote the article we mentioned above:

Startups must change their mindset.(…) It means being wise enough to recognize your core strengths, that you can’t be the best at everything, and that there is wisdom and experience outside your company that can get you to an answer far faster than if you were to go it alone.

For corporate giants, a strategic vision for corporate venture investing is critical, not just for innovation, but for a new, better way of doing business. Innovation is inherently risky and unpredictable, but companies can improve their odds by reimagining the entire approach — one with a clear strategy, a dedicated team, a diverse portfolio of unique partnership models, and a strong capability to scale new technologies and business models into the core business.

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