A well-known market intelligence solutions provider, Infiniti Research,
has announced the completion of their recent free downloadable resource
industry 4.0 is solving workforce management challenges in the
manufacturing industry. Also, the supplement provides
comprehensive insights into the importance of industry 4.0 in the
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How industry 4.0 is solving workforce management challenges in the manufacturing industry. (Graphic: Business Wire)
Many organizations in the manufacturing industry are dealing with labor
shortages. Hence, they are investing in new technologies to enhance
their operational efficiency. Industry 4.0 revolves around production,
seamless communication of data, automated workflow, and digitization of
manufacturing processes. Industry 4.0 combines physical production and
operations with smart digital technology to build a more holistic and
better-connected ecosystem for manufacturing companies.
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How Industry 4.0 is solving workforce
Institutionalizing intellectual property
Today, manufacturing companies are becoming excessively dependent on
their workforce. Hence, at times when there is no process in place to
effectively transfer domain knowledge to other workers, the company
could be at risk. By adopting industry 4.0, the manufacturing companies
can easily transfer domain knowledge to the manufacturing system. This
further makes it easier for domain experts to access and use the data.
Hence, with industry 4.0 technology companies can better manage work
Attracting high-skilled talent
Nowadays, it has become extremely difficult to find skilled young
workers in the manufacturing industry. Also, the young engineers seeking
manufacturing jobs are unfortunately very low. Adoption of industry 4.0
technologies can help manufacturing companies attract young workers.
Young workers can even help companies to enhance their efficiency.
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Gain first-mover advantage
In most of the manufacturing companies, it has been noticed that workers
spend most of their time looking for information to solve problems.
Industry 4.0 technology helps manufacturers immediately gather relevant
data and lessen the time wasted over search. This can further enhance
the productivity of the firm.
Improving workforce skills
New workers in the manufacturing industry are finding it extremely
difficult to learn highly specialized processes. This contributes to
high turnover among new employees. Industry 4.0 presents better
opportunities for new workers in the manufacturing industry as it helps
them to quickly learn the processes. Industry 4.0 enhances workforce
skills in manufacturing companies.
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About Infiniti Research
Established in 2003, Infiniti
Research is a leading market intelligence company providing
smart solutions to address your business challenges. Infiniti Research
studies markets in more than 100 countries to help analyze competitive
activity, see beyond market disruptions, and develop intelligent
business strategies. To know more, visit: https://www.infinitiresearch.com/about-us