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.

Why Retrofit?

  • 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

PROS

 

  • 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

CONS

 

  • If the Industry 4.0 retrofit is toocomplex, a decreasing incentive to perform the work is present