Leveraging Industry 4.0 : Value Creation Through Improved Manufacturing Productivity

University essay from KTH/Skolan för industriell teknik och management (ITM); KTH/Skolan för industriell teknik och management (ITM)

Abstract: Industry 4.0 is a collective name for several technological innovations that, when combined, among other things, provide an exponential potential for increased operational excellence in manufacturing. This thesis digs down into which technologies that are relevant in the context of predictive maintenance and how these can be integrated into existing theory in order to create value through increased e↵ectiveness. The primary findings can be condensed down into one general principal - uniformity. In order to leverage industry 4.0, and through it achieve a higher level of automatization, all data flow must be as canonical as possible. This is what allows both for bi-directional communication at scale, and higher-level decisionmaking algorithms to be deployed over a wide range of hardware.

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