With the acceleration of Industry 4.0, many companies will follow Amazon’s lead by integrating robotics and connected devices into multiple stages of their production process. Driving forces for Industry 4.0 will include the digitization and integration of vertical and horizontal value chains , product and service offerings, business Swaziland Email List models and consumer access. Ultimately, Industry 4.0 will be driven by the desire of companies to digitize as many elements of their process as possible using cutting-edge technologies such as AI, machine learning and big data.

The objective of Industry 4.0 is to make companies less dependent on human labor, to increase their profit margins, to increase production dramatically, to automate the maximum number of facets of companies, to adapt more easily to changing customer needs and eventually develop machines that adapt and learn on their own. A key success: the switch from series production to mass customization Mass production and its tendency to fail in this new industrial age In the past, mass production was the dominant production model for large companies with sales of over several hundred million. These companies were able to create as many products as they wanted and bring them to market.

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The Latter Could Replace Up To 40% Of Existing Jobs Within The Next 15 Years .

The arrival of the assembly line, which made the success of the Ford Motor Company in 1913, contributed to the popularity of this model. Mass production was a central part of industries 2.0 and 3.0 . However, although the assembly line and other similar advancements have contributed to the progress of the company, these practices have a number of drawbacks. First, mass production is not optimized for customization . Henry Ford himself said that Ford T buyers ” can choose any color as long as it’s black .” Second disadvantage: companies are likely to produce too much inventory and, consequently, incur losses if they fail to dispose of everything.

Finally, the model of mass production does not allow companies to take advantage of new technologies that optimize their efficiency. Mass customization: an optimal solution in terms of quantity and flexibility A simplified 3D configuration demonstration provided by luxury brand Lolo Chatenay and tech startup Hapticmedia . Ready to use 3D visualization and configuration like Guerlain, Baume, Kenzo to achieve higher conversion rates? Contact Hapticmedia for a free quote! Mass customization is a technique that allows manufacturing processes to be sufficiently flexible in order to obtain products that meet precise customer needs while limiting costs.

Many People Will Therefore Lose Their Jobs In The Coming Decades.

This concept takes advantage of both the advantages of customization and mass production , resulting in a more profitable production system. Mass customization is fast becoming one of the key elements of Industry 4.0. Through mass customization, customers can select among other things the colors, sizes, features or versions of the desired product. This maximizes customer satisfaction and limits the risk of returns. Mass customization also offers companies the opportunity to produce only the goods that meet their customers’ expectations.

Thus, they avoid wasting capital by producing an inventory that they are not sure to sell. Additionally, mass customization enables companies to take advantage of the latest advancements in business technology. Guerlain perfume visualization and 3D configuration tool allowing users to create their signature elements: engraving their initials and choice of size, color, accessories, etc. Solution created by Hapticmedia . This shift from mass production to mass customization is made possible by two elements of Industry 4.0: the smart factory and 3D technology.

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