ben and gaws legal - Industry 4.0
                     ben and gaws legal - Industry 4.0
The COVID-19 pandemic, apart from inducing serious health 
challenges across the globe, also brought forth disruptions in 
the supply-chain ecosystem especially in the manufacturing 
sector. Increased volatility in the manufacturing market 
cascaded leaders to ponder over the question, how will 
manufacturing and its supply chains look after COVID-19?
 
The immediate response to the COVID-19 crisis has been the 
adoption of digital solutions. Manufacturing leaders are 
leveraging Industry 4.0 solutions to handle the market 
volatility, communication disruptions and supply chain issues. 
Most of the companies have adopted a centralised nerve 
centre, around 39 percent of them have adopted a control-
tower approach in the bid to improve and increase end-to-
end supply chain transparency.
Industry 4.0 can be interchangeably used with the fourth 
industrial revolution, the term represents a new automation 
stage in the way organisations can control their industrial 
value chain. This involves increased adoption of cyber-physical 
systems or smart machines, that leverage modern 
technologies and control systems, have softwares systems that 
capitalise the increased capabilities of IoT (Internet of Things). 
This intricate web of networks, paves way for easy 
communication - products and means of production can 
communicate better and enjoy transparency, which further 
results in value creation and real-time optimization.
 
Manufacturing leaders are leveraging cyber-physical systems 
to create smart factories. These smart factories capitalise the 
Internet of Things for remote monitoring, for tracking and 
tracing.
Ben and Gaws legal explains that Industry 4.0 can be defined as the 
trend of automation and data exchange in manufacturing 
technologies that consists of cyber-physical systems, cloud 
computing, the Internet of things and cognitive computing, and the 
amalgamation of all these to create smart factories.
 
Industry 4.0 is often interchangeably used as the fourth industrial 
revolution and has the following characteristics -
 It brings more automation in comparison to the third 
industrial revolution.
 It bridges the gap between the physical and digital world via 
cyber-physical systems.
 These cyber-systems are enabled and super charged by the 
Industrial Internet of Things
 Increased shift from central industrial control systems to 
smart solutions, products and interfaces.
 Closed -loop models and control systems
 Customisation of products and services.
Industrial 4.0’s goal is to provide and enable a decision-making 
process which is autonomous, real-time monitoring of assets and 
processes, enabling efficient and effective real-time connectivity 
generating value creation through transparent involvement of 
stakeholders and horizontal and vertical integration.
Ben & Gaws legal, recently launched fabricationbazar.com, a 
website that offers real-time monitoring, tracking and tracing of 
the products. The website has led to an increased real-time 
optimization, transparency and trust among the stakeholders. 
The portal offers a great deal of information related to products, 
document approval stages, displays production images from on-
site and gives information of the status of installation as well.
This direct model of personalised servicing and production, and 
customer interaction (including real-time actual images of the 
products) has cut down inefficiencies, and have reduced the 
cost of intermediaries. This new digital supply chain model has 
sped up production, improved efficiencies, increased trust and 
transparency and has added value to the Ben & Gaws brand 
name.
Industry 4.0 is nothing but information-intensive metamorphosis of 
the manufacturing and related industries in today’s world of people, 
processes, services, systems, big data and IoT enabled assets. All this 
enables utilisation of data and information and transforming it into 
actionables for the customers or clients thereby improving the 
customer experience and efficiency of the industrial operations.
The key player is most definitely the Internet of Things equipped with 
its arsenal of IoT stack components, IoT platforms and Industrial IoT 
gateways, devices and much more. However, it is just not limited to 
Internet of Things, big data, cloud computing along with cloud 
platforms, advanced data analytics, advanced storage solutions, 
mobile, data communications, network technologies, manufacturing 
execution systems, enterprise solutions, enterprise resource planning 
technologies, and innovative data exchange models, all of these have 
a important role to play in enabling Industrial 4.0 for the 
manufacturing sector.
The Coronavirus pandemic may have thrown the world off 
rail from its path of economic development, but it has also 
presented an opportunity for all of us to do better and 
build better. As the economies and organisations across 
the world restart their normal operations, they have the 
opportunity to rebuild better. We have the opportunity to 
reimagine our future with digitised capabilities and build 
more resilient operations - one which doesn’t get 
disrupted due to any future epidemic or pandemic. 
Industry 4.0’s success has shown it is indeed the 
transformative journey that every industrial sector must 
embark on, for it can be scaled for increased efficiency, 
productivity, value and transparency.