PKN talks... Transitioning to Industry 4.0 to increase productivity and decrease costs, with John Broadbent, director of RealisePotential.
In this episode, Lindy Hughson, managing editor & publisher of PKN Packaging News, and John Broadbent, director of RealisePotential, discuss the what, why and how of Industry 4.0.
The discussion starts with a review of the three previous revolutions in the industrial world and an overview of the fourth that's currently in progress through the introduction of computerisation and connectivity. The integration of systems, storage and data analysis are helping to refine production and better target operational improvements.
Broadbent notes the three main factors that are maturing and converging to help drive Industry 4.0 and also steps through the issues that are preventing Australian manufacturers from engaging with it. This leads to a discussion of the results being achieved by members of the World Economic Forum's Global Lighthouse Network and reports by Deloitte demonstrating increases in productivity and reductions in energy consumption.
Thanks to the benefits being achieved by Industry 4.0, the gap between those adopting this approach and those who haven't is widening at a rapid pace. John steps us through the four stages of operational maturity achieved with Industry 4.0 and the questions organisations should be asking to help them assess their readiness.
We wrap with a discussion of leveraging existing technologies to transform in stages and the resources available to assist organisations plan their transition.
This episode was sponsored by Bonfiglioli.
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MC: Grant McHerron
Host: Lindy Hughson
Producer: Steve Visscher
PKN Packaging News - © 2021