Industry 4.0 implementation create a positive impact on companies:
- Increase productivity on conversion costs
- Drive revenue growth through enhanced equipment and new data applications
- Increase employment throughstimulated growth
- Increase investment for sustainablefuture growth
- Increase value to the customer and to the company
What is Retrofitting?
- The process of extending a system with new additional functionality
- Can be new software, hardware, or additional protocol
- Allows companies to reap the benefits of Industry 4.0 w/o paying the steep costs associated with a full upgrade
- Chips and sensors to allow existing technology to communicate and share data with other machines.
- These chips use existing communication methods and process them in a Universal Communication Protocol e.g. WiFi or 4G.
- Full upgrade of current machinery is expensive while retrofitting avoids these steep costs
- Will allow NZ companies to advance further into Industry 4.0
- Important concept for NZ Wine industry as many current machines used are of the previous generation without the necessary infrastructure to fully support Industry 4.0 standards
- Successful when a simple solutioncan be adopted
- The easier it is to carry out themodifications, the more likely it will be put through
- Improved quality, reduced costs, and short turnaroundtime if successful
- If the Industry 4.0 retrofit is toocomplex, a decreasing incentive to perform the work is present