The emergence of Industry 4.0 is extremely relevant and increasingly significant in manufacturing for a myriad of reasons.
The reasons why industry 4.0 is important for its rising number of benefits is because it helps the manufacturers with current challenges by becoming more flexible and instantly reacting to changes in the market without much hassles. It can definitely increase the pace of innovation and is very consumer centered, leading to faster design processes. Workers can become coordinators at the center of production, possibly improving the work-life balance of employees. Industry 4.0 is sustainable long-term, assisting in finding solutions for any challenge that arises
Why 3D PRINTING IS GOING TO BE A BIG COMPONENT OF INDUSTRY 4.0?
HERE’S SIX KEY AREAS WHERE 3D PRINTING WILL TOTALLY DISRUPT THE MANUFACTURING SPACE OVER THE NEXT FEW YEARS:
- True Rapid Prototyping – Proficiency and Potentiality is well established. Outdated and slower means of prototyping will leave the laggards in the dust, as other companies bring products to market, for a fraction of the cost and in a fraction of the time.
- Rapid Design Iteration (A/B testing of physical products) – Testing out designs on markets BEFORE committing to setting up production lines, will completely change traditional product development cycles over the next few years.
- Low volume production – The cost, to commit to creating tooling or moulds, before a single end use part can be produced renders many a product impractical or unprofitable.
- Mass Customization – Starbucks proved that with customization comes premium pricing. 3D printing is making this option viable for many manufactured products.
- Virtual Inventory – Holding inventory is very expensive. Costs include the capital to produce the inventory, shrinkage, obsolescence, warehousing, insurance, tracking and distribution.
- Product Innovation – 3D printing enables pre-assembled designs that were previously impractical or too costly to be realised. Technologies and the infinite computing power of the cloud enables designers to input specific design objectives, including functional requirements, material type, manufacturability, performance criteria, and cost restrictions.