Advancing Michigan’s Industry 4.0 Readiness

Are you a manufacturer in the Upper Peninsula, Southwest Michigan, or Northeast Michigan?

MICHIGAN I4.0 INDUSTRY ASSISTANCE

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Industry 4.0 is defined as the convergence of digital and physical technologies, including artificial intelligence, 3D printing, robotics, augmented and virtual reality. Michigan recently launched a statewide Industry 4.0 initiative to support manufacturers. Manufacturing is evolving at a fast pace. Digital technologies offer manufacturers solutions to workforce challenges , opportunities for increased productivity and will keep them globally competitive.

Outreach, Awareness and Training

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MGA and EGI will partner to create awareness of the state’s industry 4.0 initiative and Regional resources. Industry 4.0 educational webinars provide an opportunity for small manufacturers to gain new insights into digital technologies, how technology can help solve industry pain points, and support a manufacturers resilience and growth.

In Depth Financial and Operational Analysis

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Small manufacturers will be identified to work with EGI to complete an in depth financial analysis of the company, including a ratio analysis and company valuation. The analysis shows a firm’s stability/strength and financial aptitude to handle and integrate new tech. For manufacturers who have financial stability and aptitude, EGI will conduct an operational analysis to further evaluate other areas of their business critical to tech integration.

Industry 4.0 Project Implementation

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The output from the financial analysis followed by a leveled set of recommendations to increase the manufacturer’s value are relevant inputs for a manufacturer implementing industry 4.0 technology. Through this process, industry 4.0 adoption recommendations will be provided to the manufacturer. All inputs gathered throughout the engagements with MGA and EGI will be factors into the decision of which manufacturers will be awarded a $10,000 grant to support industry 4.0 technology implementation.

Regional Informational Flyers

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Download Upper Peninsula
Download Northeast
Download Agenda
Manufacturing Growth Alliance Website

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    Industry 4.0 Analysis

    Phase 1: Financial Analysis

    An analysis of the company’s financial ability to adopt I4.0 technologies.

    Phase 2: Operational Analysis

    Identify operational risks and roadmap to those risks.

    INDUSTRY 4.0 MATURITY MODEL

    Identify the company’s I4.0 maturity and areas of focus to help industry 4.0 adoption.

    BUSINESS VALUE MAXIMIZATION

    Ascertain your business’s enterprise value and outline a roadmap to maximize that value through strategic recommendations.