Industry 4.0 in the Middle East

2. Industry 4.0 termed as the “Fourth Industrial Revolution” which is here to bring in automation globally. This revolution is happening by adopting various technologies such as Cloud Computing, Augmented Reality, the Internet of Things (IoT), Data Integration, etc. These technologies are introduced to optimize business operations and enhance efficiency. • The major motto is to integrate all the business processes which are done through manual power and replace them with these technologies. This can be rightly said as, grabbing the data with technology like IoT, handling the data, and figuring out future insights, storing dozens of data through Cloud Solutions, etc. • In this blog, we have discussed the impact of Industry 4.0 in the Middle East and how it could pave the way for accelerating the businesses. Industry 4.0 in the Middle East

3. Industry 4.0 maturity model is here to bring “Smart Factories” where the repetitive and complex tasks are handled by these technologies in a very simple way which can reduce the time and cost as well as increasing the productivity of the industries. • On the other hand, it also includes Robotics, Artificial Intelligence which can offer automation. Embedding all these technologies in a global value chain can integrate both physical and virtual worlds. This change can enable a powerful way of organizing business operations. • Experts predict that Industry 4.0 will provide a huge industrial market with revolutions. Gartner predicts that the Internet of Things (IoT) market will reach $3.7 trillion by the end of 2020. Similarly, the Cyber Security market will reach around $183 billion by the end of 2020. • Component markets of Industry 4.0 are expected to exceed $4.4 trillion by the end of 2020. • Global Industry 4.0 will reach $214 billion by the year 2023. • Global Industry 4.0 is expected to deliver up to $3.7 trillion in value. Role of Industry 4.0 in the Middle East:

4. By adopting the above mentioned technologies, businesses can experience the following set of benefits regardless of the services they offer: ENHANCED DECISION MAKING • This Industry 4.0 doesn’t just automate the processes but also efficiently handles the business ecosystem. It offers an opportunity to interact with suppliers, customers, investors, and other stakeholders. • Connectivity across devices can provide data insights with the gathered, which can be further analyzed and interpreted completely. This can, in turn, offer enhanced decision making with business intelligence hassle-free. How can Industrial IoT companies in the middle east benefit from 4.0 Technologies? [contd…]

5. CONVERTING SUPPLY CHAIN • Companies are completely dependent on the supply chain to stand out from the crowd. With Industry 4.0, “Smart Factory” can be easily created by connecting the supply network with logistics and performs the planning and inventory process. EXCEPTIONAL CUSTOMER EXPERIENCE • Moreover, it also impacts customer interactions with products and services. It can therefore address the real-time Industry 4.0 challenges of the customers and resolve them completely. Research states that approximately 90% of B2B buyers conduct online research while purchasing materials. Hence, to enhance and improve the customer experience, it is important to implement “Industry 4.0”. How can Industrial IoT companies in the middle east benefit from 4.0 Technologies?

6. EXCEPTIONAL CUSTOMER EXPERIENCE • Moreover, it also impacts customer interactions with products and services. It can therefore address the real-time Industry 4.0 challenges of the customers and resolve them completely. Research states that approximately 90% of B2B buyers conduct online research while purchasing materials. Hence, to enhance and improve the customer experience, it is important to implement “Industry 4.0”. How can Industrial IoT companies in the middle east benefit from 4.0 Technologies? [contd…] Click to know more

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