As we stand on the brink of the year 2021, it is natural to be swayed by the optimism that the new year brings. More so, as the year 2020 was hard for most of us. There were challenges and roadblocks of the nature unanticipated by the public at large, even by nations or large business houses. It is unarguable though that the rough year gone by was a fine tutor. The changing needs of the industry were brought to the forefront as the looming pandemic compelled industries and businesses to look for innovative ways of survival. One thing is crystal clear. Digitalization is the need of the hour. Bringing the fourth Industrial Revolution at the doorsteps of small and medium businesses is now more essential than ever.
The first industrial revolution, with the rise of mechanized factory system in the 18th century changed the world in profound ways, improving standard of living for the general population. In late 19th century, with the advent of electricity and expansion of telegraph and rail road networks, movement of people and ideas became a possibility leading to the dawn of globalization as the world woke up to the second industrial revolution. The digital wave in late 20th century or the third industrial revolution marked the beginning of information age. Today, in the 21st century, we live in the age where the fourth industrial revolution is gradually taking the world by storm with promises of innovative changes in the way we work and live.
Industry 4.0 which seeks to transform our traditional manufacturing and industrial practices using large scale M2M (Machine to Machine) and IoT has a lot more to offer. It has the potential to not just improve the existing processes but to completely change the world scenario through immense possibilities for innovations in diverse fields. It is best to take one step at time and build a solid foundation using Industry 4.0 principles. Here, the integration of physical and digital enables predictive modelling and analysis of big data which has the potential to overhaul key strategy poin tsand business models. Based on analytics and insights, an informed decision can be made. This can lead to a total transformation of the organization or change in strategic objectives to move in a novel direction.
We all know that change is hard at first, messy in the middle, and gorgeous at the end. Gradual and incremental changes show results not immediately, but overlong term. Hence, persistence is the key.
- YuDash is here to support you in your Industry 4.0 journey. Are you ready?
- To know more about YuDash, please visit us at www.YuDash.com
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