Balancing between “lives and livelihoods” is what we are learning during the crises of the COVID-19 pandemic as it has brought an unprecedented shock to many industries and the global economy as a whole. Needless to say, the aluminium industry is no different, with adverse impacts on profitability due to disparity between production and consumption and low selling prices. At this time, surviving in the industry with sustainable operation has become a major challenge for most businesses. However, to confront this together, AlCircle has come up with yet another futuristic theme e-Magazine on the topic “Covid-19 Impact: Importance & Emergence of Industry 4.0”.
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This e-Magazine is aimed at providing you with all the necessary information and suggestion on how the implementation of Industry 4.0 technologies can help you mitigate the COVID-19 impacts.
While the pandemic is downsizing many industries, its dramatic appearance at the same time is accelerating numerous trends in this so-called “new normal life”. One such trend is this Industry 4.0, which is used to describe the extensive use of digitalization and automation in an industrial environment. It covers the current systems and technologies for automation, artificial-intelligence and data exchange used in the manufacturing and industrial sector. It promotes a concept of factories in which machines are augmented with wireless connectivity, sensors, and artificial intelligence and connected to a system that is able to make decision on its own.
In other words, Industry 4.0 is the current transformation of traditional manufacturing and industrial practices into the latest smart technology. With the use of a large-scale machine to machine communication (M2M), it enables data transfer and management more efficiently, while increasing automation and improving communication and self-monitoring. Therefore, Industry 4.0 is believed to help businesses achieve higher productivity at a lesser time to mitigate the impacts of the COVID-19 pandemic.
“Covid-19 Impact: Importance & Emergence of Industry 4.0” is AlCircle’s fifth quarterly e-Magazine, with an attempt to highlight how the implementation of Industry 4.0 can assist businesses in the aluminium industry to survive sustainably through this pandemic. Top industry leaders are sharing their perspectives on how Industry 4.0 technologies are benefitting the aluminium industry and what is expected in the future. We are featuring some leading technology players that have actually initiated digitalization in the industry by bringing in path breaking technologies. At the same time, we are covering those smart companies who have been pro-active in deploying those technologies in their plants to drive growth during and after the COVID-19. Let us fight this battle together!
To read “Covid-19 Impact: Importance & Emergence of Industry 4.0”, you can go to the link: https://www.alcircle.com/emagazine/covid-19-impact-importance-emergence-of-industry-4-0-1006
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