Industry 4.0 technology helps manufacturing companies increase productivity

In the next 5-10 years, the application of Industrial 4.0 technology will help manufacturing enterprises increase their production efficiency by 15% -25%. Even with the cost of raw materials, the overall productivity will increase by 5 to 8 percentage points and create an additional 6 trillion yuan Added value.

The Boston Consulting Group made the above statement in its report, "Industry 4.0 Future Productivity and Manufacturing Prospects," released on May 17. The report takes the German manufacturing industry as the research object and predicts that German manufacturing output will increase by 90 billion to 150 billion euros for Industry 4.0.
The report defines Industry 4.0 as a change based on nine integrated digital industrial technologies based on CIP and dynamic data processing with the core philosophy of integrating, automating and optimizing production processes. According to the report, Industry 4.0 will revolutionize the design, manufacturing, operations and service processes of products and production systems in the next 5-10 years.
Industrial 4.0 technologies are currently being promoted in China, Europe and the United States, including robotics, additive manufacturing (3D printing), augmented reality (VR technology), analogue, horizontal and vertical system integration, industrial internet of things, cloud computing, Nine technologies, including security and big data analytics, are driving industrial production transformation.
Industry 4.0 technology has value in many areas such as aerospace, automotive, medical, power and more. For example, in the aircraft manufacturing industry, 3D printing technology is applied to the production of aircraft parts, which can reduce the weight of aircraft and save the use of rare raw materials such as titanium. Welding and other areas of the automotive sector has also been replaced by robots, the future of automotive manufacturing process will be achieved by the automatic job control system monitoring.

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