Microsoft Power Platform 28 May 2019
The Industry 4.0 Economy
The Fourth Industrial Revolution (known as Industry 4.0 or 4IR) has emerged as the latest phase of technology and Industrial Data is the currency of Industry 4.0 and now one of the world’s most sought-after resources.
Questions that the executives should ask themselves when embarking on Industry 4.0 initiatives include:
- What and where is my data?
- How will this data be stored and transferred?
- What technologies are available to better use the available data?
- What business outcomes do I want to achieve Industry 4.0 Initiatives?
The next critical step is selecting and utilising the appropriate technologies to execute desired initiatives that take advantage of the available data and connectivity. Industry 4.0 technologies can now be used to their full potential, enabling organisations to implement various initiatives, including:
- Vertically and horizontally integrating multiple systems;
- Enabling accurate and more informed decision making;
- Initiating proactive business improvement projects;
- Improving governance and compliance across the organisation;
- Allowing the organisation to embark on a digital transformation journey.
Microsoft Power Platform. How can these new technologies assist my business tomorrow? Power BI, PowerAPPS and Microsoft Flow, Microsoft’s Power Platform is a seamlessly connected platform that empowers everyone to innovate on a connected app platform.
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