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Submitted by admin on Sun, 11/13/2022 - 17:19
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Objectives:

  • The purpose of i4.0 implementation is to increase productivity or promote process transparency.
  • To convince and attract the decision-makers / top management.
  • Provide a cost-benefit analysis in this i4.0 transformation process to address and educate the benefits of i4.0 implementation and that it should be of high priority.
  • Lower the cost of implementing new technologies.

Desired Outcomes:

  • The reasons for the reluctance to bring operations to the Internet/Cloud are often security and cost.
  • There is currently no one-size-fits-all solution that can be easily applied to companies for a large scale internal review to produce the cost-benefit report for consideration to move operations to the Internet/Cloud.
  • There is also no ability to effectively visualise these benefits and present data coherently to address cost and security concerns. 

Current Limitations:

  • i4.0 implementation can consist of various technologies/services, which can be costly overall.
  • Despite the time and effort spent, the solution proposed may not yield positive results or be up to the business owner’s expectations.
  • No ability to effectively visualise benefits – business owners cannot gauge the results / ROI.
  • Difficult for a large-scale internal review to produce a cost-benefit report.
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Cost and Effort Analysis for i4.0 Implementation
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