Collaborative Research in Engineering, Science and Technology (CREST), the quasi-government body that has been tasked with catalysing the electrical and electronics (E&E) ecosystem for advanced research and engineering in Malaysia, has partnered SAS Institute, a leading international software company, to offer manufacturers an advanced analytics methodology to help them journey towards Industry 4.0.
What is Industry 4.0 and why should manufactures be concerned about it? Industry 4.0 refers to the current trend of automation and data exchange in manufacturing technologies. It integrates the Internet of Things (IoT), cloud computing, data integration and other technological advances into the heart of production and manufacturing systems.
Right now, businesses compete based on cost and efficiency. But when digitalisation takes hold in a real way, any business that falls behind may find that it lacks the ability to compete at all.