Value Innovation

 

Value innovation is the strategic logic of high growth. It is the process, which a company introduces new technologies or upgrades that are designed to achieve product / services differentiation, at low costs.

What does Industry 4.0 and smart software solutions mean for the value transformation of a company?

New data and new configurations and capabilities of smart connected products, will restructure the traditional functions of business. This will be the result of identifyingthe biggest challenges that lead to large savings and bring direct and immediate added value.

Combining smart software solutions with augmented services, and achieve many reductions and increases. Some of those can be seen bellow:

Reductions

Complexity

  • More configuration and less programming
  • Simplification of process solutions
  • Independence of low value consulting
  • Flexible multi-lingual translator

Costs

  • No user license
  • Short & efficient implementation time
  • Maximized resources efficiency
  • Cost driver elimination due to real data usage
  • Reduced training required (intuitive user guidance)
  • Reduced system maintenance
  • Leasing model availability

Risks

  • Flexible system implementation (step by step)
  • Installation and updates while production runs
  • Decision making on real, instant data

Waste

  • Scrap minimization, leading to elimination
  • Energy consumption usage maximization
  • Operators are relieved from administrative tasks

Dependency

  • Client managed system - configured to specific clients’ needs
  • External consulting limited to added value creation

Vagueness

  • 100% transparency of operations
  • Real conditions usage
  • Learning system routines

Increases

Simplicity

  • Intuitive windows like system user interface
  • Standardized data transfer and system integration
  • Training of system, use of existing resources, people

Convenience

  • Global instant access to all generated data,
  • Multiple metrics integration

Interconnectivity

  • Total transparency between alternative business processes, variable locations, departments, software solutions, machines, etc.
  • Holistic factory monitoring capabilities
  • Mobile application

Flexibility

  • Interface configuration and customization
  • Connectivity with all technical equipment
  • 100% solution adaptability to customer requirements
  • Simulation and forecasting capabilities

Productivity

  • Horizontal and Vertical Integration
  • Day one of implementation gains
  • Transparency and traceability

People Empowerment

  • Training simplification
  • Added Value tasks creation (New Business Model, processes, solutions, etc.)
  • Multiple Metrics Comparison
  • Simulations and Forecasting
  • Multi-level communication

Xintrix is an Industry 4.0 specialists company which uses ¨Best Industry 4.0 Practices¨ to simplify your complexities.