Discover Models for Adopting Industry 4.0
A paper has just become available from the University of Lisbon, Portugal, on Small Medium Enterprises and Industry 4.0. The paper explains how SMEs account for 99.8% of Europe’s economy. It provides and introduction to Industry 4.0 and the resultant efficiency gains in production and management systems that can lead to higher revenues. It explains how how models/tools can help assess and guide the adoption of Industry 4.0 but such models aren’t always suitable for use by SMEs.
Companies often tend to have problems grasping the idea of Industry 4.0
While models provide a starting point and define steps to take and roadmaps, attaining a higher maturity level isn’t always the best for some types of company. Implementation depends on business objectives, the size of the company, its market and its strategy. Also, some complex models fail when SMEs need simpler guidance.
SMEs evolve through mainly the initial stages of maturity models and these stages often don’t have enough detail to result in concrete outcomes for companies. The authors propose a methodology concentrating on the initial maturity levels. The advice has five steps: Research, Defining, Model, Questionnaire and Implementation.