Digitalisation drives manufacturing to the next level

Digitalisation drives manufacturing to the next level

The Fourth Industrial Revolution (Industry 4.0) represents a fundamental change in the way we live, work, build and develop the world. It is playing an integral role in our economies by combining vast developments in digital technology, including machine learning and big data, with physical production and operations. Digital transformation has weaved itself into every aspect of lives with technology creating a lifeline that keeps us connected both personally and professionally. For the manufacturing sector, this has elevated the role of digital technologies to a whole new level.

Most significantly, many major industrial plants are shifting their approach from "owning equipment“ to "managing the life cycle of a complete solution“. In strategic complex infrastructures, "availability“ has taken over "reliability“. Availability here refers to the percentage of time that the infrastructure, system or a solution, remains operational under normal circumstances to serve its intended purpose.

Owners and users of industrial equipment are no longer looking at the equipment itself but are interested in the service delivered by this equipment. When considering the service delivered, the equipment itself is only half of the equation. The other half, which is also very cost-effective, is the ability to maintain it. This makes maintenance