Industry 4.0: The digitalisation of manufacturing

The next industrial revolution – the digitisation of manufacturing – has started to make inroads into the metals industry; Myra Pinkham discovers how far it has developed and how far it is likely to spread

Industry 4.0 is bringing further automation and digitisation to the metals industry. SAP The latest industrial revolution is commonly known as Industry 4.0 but is also strongly associated with the Internet of Things (IoT). Yet just how significant is it? According to John Lichtenstein, managing director of natural resources for Accenture Strategy, it could result in a “quantum leap” in productivity and efficiency, helped along by the convergence of several new digital technologies. The impact varies greatly given that not all companies are starting at the same level. But Accenture Strategy has estimated, based on modelling it has done at several metal production facilities, that companies could expect to see around an 11-15% improvement. “This next phase of manufacturing goes beyond the automation and robotics that were part of Industry 3.0,” says Matt Meyer, vice-president of digital innovation at Kloeckner Metals Corp, the Roswell, Georgia, based subsidiary of Germany’s Kloeckner &...

Published

July 19, 2017

11:45 GMT

New York