Value innovation is the strategic logic of high growth. It is the process, which a company introduces new technologies or upgrades that are designed to achieve product / services differentiation, at low costs.
What does Industry 4.0 and smart software solutions mean for the value transformation of a company?
New data and new configurations and capabilities of smart connected products, will restructure the traditional functions of business. This will be the result of identifying the biggest challenges that lead to large savings and bring direct and immediate added value.
Combining smart software solutions with augmented services, and achieve many reductions and increases. Some of those can be seen bellow:
Reductions
Complexity
More configuration and less programming
Simplification of process solutions
Independence of low value consulting
Flexible multi-lingual translator
Costs
No user license
Short & efficient implementation time
Maximized resources efficiency
Cost driver elimination due to real data usage
Reduced training required (intuitive user guidance)
Reduced system maintenance
Leasing model availability
Risks
Flexible system implementation (step by step)
Installation and updates while production runs
Decision making on real, instant data
Waste
Scrap minimization, leading to elimination
Energy consumption usage maximization
Operators are relieved from administrative tasks
Dependency
Client managed system - configured to specific clients’ needs
External consulting limited to added value creation
Vagueness
100% transparency of operations
Real conditions usage
Learning system routines
Increases
Simplicity
Intuitive windows like system user interface
Standardized data transfer and system integration
Training of system, use of existing resources, people
Convenience
Global instant access to all generated data,
Multiple metrics integration
Interconnectivity
Total transparency between alternative business processes, variable locations, departments, software solutions, machines, etc.
Holistic factory monitoring capabilities
Mobile application
Flexibility
Interface configuration and customization
Connectivity with all technical equipment
100% solution adaptability to customer requirements
Simulation and forecasting capabilities
Productivity
Horizontal and Vertical Integration
Day one of implementation gains
Transparency and traceability
People Empowerment
Training simplification
Added Value tasks creation (New Business Model, processes, solutions, etc.)
Multiple Metrics Comparison
Simulations and Forecasting
Multi-level communication
Xintrix is an Industry 4.0 specialists company which uses ¨Best Industry 4.0 Practices¨ to simplify your complexities. If you would like to know more on how our product portfolio can support your value innovation, please visit our website www.xintrix.com