Industry 4.0 technology is already transforming how industrial operations are operated, maintained, and managed - and it's a threat (and opportunity) to suppliers.
If your business is a supplier to the industrial sector, you're probably wondering how to seize the opportunities presented by this revolution. More specifically, how can you offer your customers Industry 4.0-ready IoT solutions without having to build an IoT platform and everything that goes into them from scratch.
The answer lies in syndicated applications, technology partners, and now readily-accessible, specialist end-to-end services.
Industry 4.0: The Risks of Standing Still
Ignoring the Industry 4.0 revolution is not an option. Custom-built industrial IoT solutions are rapidly changing, and businesses that refuse to evolve risk losing out to competitors that can do more for end users. If your solutions, machinery or products are not aligned with Industry 4.0 or are unable to provide the performance data that your customers are increasingly craving, then you could soon have a problem.
Building bespoke software solutions in-house may seem like a solution, but it poses its own significant challenges. It's expensive, time-consuming, and requires significant technical expertise - and let's not forget about the need for continuous development, maintenance, and support needed to stay relevant.
The Benefits of Syndicated Applications
Syndicated applications are Industry 4.0-ready software solutions designed to cater to a variety of industrial use-cases. Built by experts in the field and with extensive experience in the field, these solutions can be licensed, customised, and rebranded as your own - giving you the ability to provide cutting-edge Industry 4.0 solutions to your customers without the headache of building them yourself.
Syndicated applications provide several key benefits:
- Quick time-to-market: With syndicated applications, you can bypass the lengthy development cycles typically associated with building software from scratch. You get to market faster, offering your customers the Industry 4.0 solutions they need today, not tomorrow.
- Cost savings: Investing in syndicated applications can significantly reduce the financial burden associated with software development, updates, and maintenance. Rayven, for instance, takes care of all these aspects, freeing up your resources for other strategic initiatives.
- Expert support: With Rayven, you get more than just software. You get a team of experts ready to support you with solution design, user interface design, data pipelines, and other technical aspects. This means less stress for your team and a smoother journey towards Industry 4.0 for your customers.
- Scalability: Syndicated applications are designed to grow with your business and your customers' needs. As Industry 4.0 evolves, these applications can be easily updated and expanded, ensuring you always offer relevant solutions to your customers.
The Industry 4.0 Opportunity
Industry 4.0 presents a golden opportunity to suppliers. By offering your customers ready-to-use, advanced Industry 4.0 solutions, you can differentiate your business in a competitive market, create additional revenue streams, and build stronger relationships with your customers.
Consider this: as you enhance your offerings with Industry 4.0-ready solutions, your customers are more likely to perceive you as a strategic partner, not just a supplier. You'll be helping them improve their operations, which translates into increased customer loyalty, improved satisfaction, and ultimately, business growth.
Read more about the opportunity in this article: The transformation challenge and syndicated application opportunity.
As a supplier to industrial customers, adopting syndicated applications is a win-win. You save time and resources on software development, and your customers get access to cutting-edge Industry 4.0 solutions. In a nutshell, you'll be playing a pivotal role in their digital transformation journey.
What's Your Industry 4.0 Plan?
Industry 4.0 is not a distant future - it's happening now. If you haven't already done so, it's time to ask yourself, "What's my business' Industry 4.0 plan?" Remember, the question isn't just about how Industry 4.0 will change your operations. It's about how you can help your customers navigate this revolution.
By leveraging syndicated applications, you can quickly become an Industry 4.0-ready supplier, without the stresses of software development. With expert support from Rayven, you can seize the opportunities of Industry 4.0, enhance your offerings, and drive business growth.
Read more about How you can build your customers Industry 4.0 roadmap in this article.
Rayven can help you end-to-end with not just the technology, but the strategic vision, development, deployment, and scaling. Speak to us today and discover what more you can do for your customers (and your business), fast and simply.