Convergence of new technologies (AI, ML, IoT, 5G), will enable intelligent supply chains
Industry 4.0 started with the concept of an ‘intelligent factory’ with automated manufacturing powered by smart (IOT-enabled) machines that leverage real-time data to run autonomously, flexibly and fast.
Industry 4.0 principles and their enabling technologies – such as the Internet of Things and artificial intelligence – are opening the door to processes that are highly automated, integrated, and optimised.
Industry 4.0 will evolve from simply capturing real-time data to enabling data-driven business decisions.
It will be about designing and manufacturing intelligent products and assets and empowering employees to leverage the data from these intelligent products and assets to make predictive, prescriptive and automated decisions across the entire supply chain.
To this end, we will see a bigger push in the adoption of IoT solutions, due to the availability of 5G networks.
This will (finally) accelerate the creation of a digital twin of the supply chain.
And this in turn will provide the opportunity and information for machine learning and AI across the supply chain.
Therefore, you should invest in a modern ERP software so you can adapt to environmental changes, scale your business and stay competitive. The price not should be the only concern as the right ERP software is an investment that can increase profit and reduce the cost of your running business in Malaysia.
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