These are times of monumental change. A phenomenon is creating a new normal, a paradigm shift so life-changing that it’s rapidly transforming the way we live, communicate and do business. Life as we know it will never be the same again.
The entire world is in the midst of an incredibly exciting revolution known as the Fourth Industrial Revolution. Changes are taking place at lightning speed. Breakthroughs in emerging technologies are exposing a wealth of opportunities, allowing us to reimagine the world and reinvent business models.
The Fourth Industrial Revolution: The Era of Intelligence
The Fourth Industrial Revolution, also known as Industry 4.0, is poised to change the world like never before. It’s marked by the fusion of several technological breakthroughs. This fourth major revolution comes with the promise of radical changes and major overhauls of business models.
How Did We Get Here?
The world has seen three industrial revolutions, beginning with the First Industrial Revolution starting in the 18th century. This revolution was centered around steam, water, and iron. There was a seismic shift from rural to industrial and urban societies. In 1870, the Second Industrial Revolution saw the arrival of electricity and mass production.
Also known as the Digital Revolution, the Third Industrial Revolution began during the 1980’s, and saw the development of personal computing and mass electronics.
We are now amidst the Fourth Industrial Revolution where technological breakthroughs have the potential to drive tremendous growth and automation across industries worldwide.
Technologies Driving the Fourth Industrial Revolution
The Fourth Industrial Revolution was triggered by advancements in state-of-the-art technologies. These include artificial intelligence, robotics, blockchain, 3D printing, the Internet of Things (IoT), quantum computing, and others.
Industry 4.0 and the Industrial Sector
The industrial sector stands to benefit the most from the Fourth Industrial Revolution. We are already seeing massive changes driven by Industry 4.0 technologies across industries. From improving efficiency and productivity, to reducing operating costs and machine downtime.
Relative to other industries, manufacturing is undergoing its greatest change in decades. Manufacturers are moving forward with digital transformation and transforming into intelligent manufacturers in order to meet ever-changing markets and the emerging wants and needs of their customers.
The Impact of the Fourth Industrial Revolution on Your Business
The rules of the game are changing rapidly. In the face of evolving customer needs and competitive threats, technology has now become a key asset in helping businesses overcome these challenges.
Industry 4.0 technologies can empower your business to solve problems. It will expose a wealth of opportunities to meet growing demands and drive growth. Digital capabilities have the potential to enhance and increase the value of physical products and services.
Business assets can also be made more durable and resilient, and data and analytics can drastically improve how they are maintained. These are just some of the many potential benefits that Industry 4.0 technologies have to offer.
Data is the Holy Grail of Business
According to Gartner, data and analytics will drive modern business operations.
Data is at the heart of Industry 4.0. In this new age of digitization, the pace and flow of data has exploded and continues to increase. There is an urgent need for businesses to possess the ability to accurately collect and interpret the increasing volume of data.
Artificial intelligence can tackle large volumes of complex data with speed and ease. This can empower businesses to make intelligent data-driven decisions using insights gained from this data.
Speed is of the Essence: How ERP and CRM Integration can Help
To compete in the Connected Age, fast access to data is critical. Relying on manual data entry, or out-of-date technologies will no longer cut it. Customer and suppliers now expect responses faster than ever before.
Many businesses have multiple systems in which data is stored in silos, and nothing is quickly accessible. Integrating your business systems can change that. It brings all your data together in one place, making it available and easily accessible to the right people at the right time.
As a provider of innovative application tools and technologies, Commercient fully understands the importance and necessity of digital transformation. Commercient SYNC, the #1 data integration platform for sales, integrates your CRM and ERP systems, which eliminates data silos. It makes important information available in real-time, and accessible to people who need it the most.
Sales can access valuable ERP data from within the CRM. This includes customer information, sales history, invoicing multi-ship to addresses, serial numbers, inventory, and much more. Our two-way SYNC allows new orders, accounts, and invoices created in CRM to be integrated to ERP, eliminating double entry and errors.
Change is Inevitable, Resistance is Futile
In a race to reinvent business models and become a digital organization, growth and competitiveness has become increasingly dependent on digital transformation. Set a standard for the rest of your industry and embrace change.
Find out how Commercient can help your business prepare for the “new normal,” and survive and thrive in the Fourth Industrial Revolution. Please contact us today to learn more about Commercient SYNC and our other data integration apps, including IoT Pulse.