Digital transformation initiatives in the industry 4.0 manufacturing era
The rapid development of technology and the digital revolution have altered how production is carried out. More deeply, recent innovations in Manufacturing 4.0 will assist companies in faster leveraging the potential of the digital era to boost production efficiency and competitiveness. Let’s investigate the cutting-edge responses to the digital transformation initiatives in manufacturing better in the article below.
1. What is digital transformation in manufacturing?
1.1. What is digital transformation in manufacturing?
Digital transformation initiatives in manufacturing (also known as Industrial Digital Transformation) are the process of applying advanced technologies as well as automatic tools to optimize the production outcomes. This is the emerging trend on the global scale today, in which the field of Industry 4.0 is considered a pioneer. Some of others applied techniques such as artificial intelligence, Internet of Things, blockchain, and cloud computing are also evaluated clearly in the manufacturing to create smart, fast, flexible, and cost-effective operational processes.
1.2. The 3 fundamental stages in digital transformation process
The three stages of the digital transformation process include Digitization, Digitalization and Digital Transformation.
- Digitization is the process of converting data information from physical format to digital format. For the economic entities, digitization is the first step to create a valuable foundation in the digital transformation process. The importance of this early stage is that digitization helps store, analyze and process data in digital format.
- Process digitalization is the process of using digital technologies to change business models and provide new value and revenue creation opportunities. From the business perspective, digitalization leverages digital technology to collect and analyze data and find the right value for production.
- Digital transformation is the all-encompassing and ongoing process of adopting digital technology to improve organizational performance, company processes, and consumer value and experience. This covers the application of technologies including big data, blockchain, cloud computing, artificial intelligence, and the Internet of Things.
2. Digital transformation situation in manufacturing enterprises in Vietnam today
Recently, there has been a lot of discussion on the state of digital transformation in Vietnamese industrial companies. This is due to the fact that the Emerging digital transformation trends are becoming more and more widespread and is now a necessity for raising productivity and streamlining manufacturing methods.
In Vietnam nowadays, the trend of digital transformation in industrial businesses is being supported. Vietnamese firms have identified and used digital technology in internal management, purchasing, logistics, production, marketing, sales, and payment, according to a 2020 survey by the Vietnam Chamber of Commerce and Industry (VCCI) on 400 organizations. The bright side is that up to 98% of businesses anticipate a change in production and business operations when implementing digital transformation, with the biggest change being the ability to reduce costs, assist businesses in limiting paperwork, add more value to products, and enhance the quality of products and services.
The reality of Industry 4.0 digital transformation and expectations for its success vary significantly between large-scale organizations and small and medium-sized enterprises, despite these variations. Large-scale companies trust and transform swiftly using digital means. However, Vietnam is prepared for digital transformation, and as one of the current digital transformation models, digital transformation solutions are being introduced to aid enterprises in the transformation process. For organizations to succeed in the digital age and increase productivity and business efficiency, industrial manufacturing must undergo a digital transformation.
3. Why does digital transformation play a compulsory foundation in the manufacturing industry?
Digital transformation is turning into a trend that is essential in the industrial sector for various reasons. First, digital transformation makes it possible for manufacturing processes to be automated, which boosts productivity and reduces mistakes. Utilizing devices, robots, and software that have been designed to carry out particular activities reduces labor costs and boosts productivity.
Second, cost-related to manufacturing expenses may be reduced through digital transformation. Businesses may simply and effectively manage processes, projects, and products by using production management software. Time is cut down, production procedures are improved, and production waste is reduced as a result.
Third, firms can concentrate on their customers thanks to digital transformation. Businesses can concentrate on the customer rather than the product. Businesses may make wiser and more effective business decisions by gathering and analyzing customer data. This reduces advertising expenses and increases sales.
Last but not least, digital transformation encourages more innovation. Businesses can develop new goods and services, increase their market share, and satisfy new client demands by utilizing new technologies. This aids companies in increasing innovation and maintaining market competitiveness.
4. Major technological solutions in production
Digital transformation initiatives in manufacturing are now developing in an significant level, mainly based on online platforms, data and automation, inheriting the achievements of the Industrial Revolution 4.0. Here are 4 popular technologies that are being widely applied in the manufacturing industry.
4.1. Automation and Robotics
The use of machinery and software to automate industrial processes, reduce the need for human interaction, and boost output efficiency is known as automation and robotics. It enables the employment of robots to carry out time-consuming or precise tasks, reducing the need for human labor and enhancing workplace safety.
4.2. Internet of Things
The Internet of Things is a technology solution that allows devices to be connected to each other through the internet and exchange data to increase the efficiency and efficiency of the production process. This allows devices and sensors to be used to monitor and collect data on product and production process status. As a result, manufacturers can analyze and make decisions more quickly and accurately, helping to improve productivity and minimize breakdowns.
4.3. Big Data
The industrial sector is currently being impacted by Big Data, which is not just affecting daily life. Big data is gathered from various sources, such as IoT devices, sensors, and social networks. It may be analyzed to identify patterns in consumption and determine the most effective ways to produce goods. As a result, the manufacturing market is now more competitive. Big Data in the supply chain enables the tracking, tracing, analyzing, and organizing of data, increasing the supply chain’s completeness and lowering logistical costs. As a consequence, many firms have reduced expenses and raised earnings.
4.4. Smart Factory
A sophisticated manufacturing system that incorporates IoT, artificial intelligence (AI), robots, automation equipment, and other cutting-edge technology is referred to as a “smart factory”. Businesses may gain a lot by putting a smart factory into place, including more production, lower costs, better product quality, and more flexibility.
One of the key stops on the Thailand and Vietnam 2023 Factory Tour itinerary is Smart Factory. These factories employ the most recent equipment and technologies, have a high digitalization rate of over 40%, and were developed using current technology. These are industrialization factory models that have modernized, have enough capacity, and can participate in the global supply chain with FDI investment.
Businesses may learn more about and observe the people, operations, management standards, and manufacturing processes at smart factories by visiting them. This makes it easier for businesses to evaluate goods and services, people, and the potential for sustainable collaboration.
Additionally, the Factory Tour 2023 program offers chances for businesses to communicate directly with clients and suppliers, assisting them in discovering new potential for collaboration and raising the caliber of their goods and services. The expenses and hazards associated with conducting business are also considerably reduced by personally witnessing, experiencing, and interacting with partners.
The Business Initiative Community Project, which seeks to link pertinent firms and provide a sharing platform for businesses to exchange, update technology, and learn from experiences from businesses and industrial parks, is in charge of organizing the “Factory Tour 2023” event in Bangkok, Thailand, and Vietnam.
Consequently, sign up right now to take part in the 2023 Factory Tour if you want to discover new chances for collaboration, enhance the quality of your goods and services, and upgrade to the newest technology.
5. VME 2023
5.1. About VME
The VME (Vietnam Manufacturing Expo) is a significant industrial event in Vietnam that focuses on technological goods and solutions that assist the digital transformation of manufacturing processes.
With the involvement of several companies and individuals, VME serves as a hub for networking and collaboration in the industrial sector, giving enterprises the chance to develop new products, find new solutions, and boost productivity and production efficiency.
5.2. Highlights of VME 2023
Factory Visit Trip 2023 in Thailand
This excursion will take guests to manufacturing facilities in Thailand where they will get to see how products are made, understand how product lines are managed, and see the latest technical innovations used in manufacturing. By doing this, clients will be able to see the manufacturing process more clearly and identify the best solutions for the production line.
Technology demonstration
The newest innovations in the manufacturing industry, particularly those connected to digital transformation and the use of artificial intelligence (AI) and the Internet of Things (IoT) in manufacturing, will be featured and demonstrated in this activity. Customers may interact with technological items directly and learn about their advantages.
Visit booths & experiences
Customers get the chance to learn more about the goods and services of the vendors by stopping by their booths during this activity. Additionally, buyers get the chance to try out such goods and services through programs for product demonstration. Customers may use this to find and select the goods and services that best meet their needs.
Conclude
In the digital age 4.0, digital transformation in production has become a necessary requirement for businesses to compete and develop sustainably. VME 2023 – The industrial exhibition organized by RX tradex and Factory Visit Trip 2023 is an important opportunity for businesses and individuals to find solutions in technologies and products to support the digital transformation process in enterprise production. This program will bring exhibitors, partners and visitors useful experiences about the production process and infrastructure of factories with high digitization rates and the application of new technologies, thereby accelerating the digital transformation in production processes and creating opportunities for businesses to develop in the time Period 4.0.
In the fourth industrial revolution, firms must adapt their Digital transformation initiatives in manufacturing in order to compete and grow sustainably. The industrial expo, VME 2023, which is put on by RX Tradex and Factory Visit Trip 2023, is a significant chance for companies and individuals to identify goods and solutions to assist the enterprise digital transformation. This program will give participants – exhibitors, partners, and attendees – useful insights into the infrastructure and workings of factories with high digitization rates and the use of new technologies, accelerating the digital transformation of manufacturing processes and opening up new opportunities for business growth in the Period 4.0.
