explain any four importances of industry
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HERE IS YOUR ANSWER .
●●●》 1. It eases current challenges for manufacturers. :-
In a world of increasing market volatility, shorter product life cycles, higher product complexity, and global supply chains, companies are seeking to become more flexible and responsive to business trends. The Industry 4.0 vision provides recommendations how companies can ease these challenges: The digitalization of the whole product lifecycle will allow companies to use data from production, service, and social media which will lead to faster product improvements. Smart items will bring stronger integration of top floor and shop floor and thus more intelligence and flexibility to production. With these technologies, companies can react faster to demand changes and implement new configurations easier or even re-plan production much faster.
●●●》 2. It leads to an innovation economy. :-
Digital chains will not only improve efficiency but also speed up innovations as new business models can be implemented much faster (see Industry 4.0 Leads Into The Innovation Economy). Here are two examples how Industry 4.0 speeds up innovations: 1. Manufacturers can generate new business by sharing equipment or selling capacity they don’t need on marketplaces. 2. Thanks to sensors and connectivity, products will be enriched by services (such as predictive maintenance) or even transformed into services. An engine manufacturer might not sell engines anymore in the future but provide them as a service to customers. He then would only charge the power of the engines the customer uses.
●●●》 3. It even puts humans into the center of production.:-
As machines are becoming smarter, the work in production lines will be enriched and humanized. Simple manual tasks will disappear. Workers will become coordinators who ensure a smooth production and only intervene when a machine calls for action. Flexibility will be a key success factor. Workers will be assigned where help is needed. This will place higher demands in terms of managing complexity, problem-solving and self-organization, but also allow the work force to become more flexible. Fixed shifts per day will be complemented by dynamic and self-organized capacity planning that takes employees’ preferences into consideration. This will improve the life-work-balance of all employees and allow shorter response time to a changed order situation.
●●●》 4.It will enable sustainable prosperity.:-
The old models of industrialization run out: Economies and with it societies increasingly recognize the risks of globalization, job losses and resource shortages. Generating profit and realizing growth have to be put into a more long-term perspective, for example by finding ways to cope with constraints on energy, resources, environment, and social and economic impacts. Industry 4.0 can help to find solutions to these challenges. If it is smart and innovative, production can reduce energy consumption, help companies to sustain their business with existing and new business models and use new technologies to produce all over the world (even at high cost locations) close to the markets and at the tact of the workers.
Thank you
I hope this will be very useful to u.
Plz Mark it as Brainliest
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HERE IS YOUR ANSWER .
●●●》 1. It eases current challenges for manufacturers. :-
In a world of increasing market volatility, shorter product life cycles, higher product complexity, and global supply chains, companies are seeking to become more flexible and responsive to business trends. The Industry 4.0 vision provides recommendations how companies can ease these challenges: The digitalization of the whole product lifecycle will allow companies to use data from production, service, and social media which will lead to faster product improvements. Smart items will bring stronger integration of top floor and shop floor and thus more intelligence and flexibility to production. With these technologies, companies can react faster to demand changes and implement new configurations easier or even re-plan production much faster.
●●●》 2. It leads to an innovation economy. :-
Digital chains will not only improve efficiency but also speed up innovations as new business models can be implemented much faster (see Industry 4.0 Leads Into The Innovation Economy). Here are two examples how Industry 4.0 speeds up innovations: 1. Manufacturers can generate new business by sharing equipment or selling capacity they don’t need on marketplaces. 2. Thanks to sensors and connectivity, products will be enriched by services (such as predictive maintenance) or even transformed into services. An engine manufacturer might not sell engines anymore in the future but provide them as a service to customers. He then would only charge the power of the engines the customer uses.
●●●》 3. It even puts humans into the center of production.:-
As machines are becoming smarter, the work in production lines will be enriched and humanized. Simple manual tasks will disappear. Workers will become coordinators who ensure a smooth production and only intervene when a machine calls for action. Flexibility will be a key success factor. Workers will be assigned where help is needed. This will place higher demands in terms of managing complexity, problem-solving and self-organization, but also allow the work force to become more flexible. Fixed shifts per day will be complemented by dynamic and self-organized capacity planning that takes employees’ preferences into consideration. This will improve the life-work-balance of all employees and allow shorter response time to a changed order situation.
●●●》 4.It will enable sustainable prosperity.:-
The old models of industrialization run out: Economies and with it societies increasingly recognize the risks of globalization, job losses and resource shortages. Generating profit and realizing growth have to be put into a more long-term perspective, for example by finding ways to cope with constraints on energy, resources, environment, and social and economic impacts. Industry 4.0 can help to find solutions to these challenges. If it is smart and innovative, production can reduce energy consumption, help companies to sustain their business with existing and new business models and use new technologies to produce all over the world (even at high cost locations) close to the markets and at the tact of the workers.
Thank you
I hope this will be very useful to u.
Plz Mark it as Brainliest
●●●●●●●●●●●●●●●
☆☆☆☆☆☆☆☆☆☆☆
lakshika91:
thnks for this
welcome
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Industries play a vital role in the development of a country'seconomy. ... A number of public and private companies operate in an industry, which may manufacture the same goods or provide the same services, but follow different strategies and guidelines to operate their businesses.
Indeed industrialization contributes to the growth of economy, inturn it helps in developing a nation. An industry which is established in particular place will provide some job opportunities to unemployed and eligible citizens. ... Nation's economy and its growth are purely depends on imports and exports.
Indeed industrialization contributes to the growth of economy, inturn it helps in developing a nation. An industry which is established in particular place will provide some job opportunities to unemployed and eligible citizens. ... Nation's economy and its growth are purely depends on imports and exports.
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