In the interview, Thomas Holm speaks about the opportunities that Industry 4.0 provides for mid-sized companies and offers insights into the corporate practices at WAGO.
Thomas Holm has been involved with optimizing production processes at WAGO since 2015 and is a leading participant in developing the DIMA concept (Decentralized Intelligence for Modular Applications). The 38-year-old engineer studied mechanical engineering and business administration in Hamburg, London and Hagen. His PhD thesis at the Helmut-Schmidt University in Hamburg was on “Cost Evaluation in Modular Process System Engineering.”
Thomas Holm
Many experts feel that mid-sized German companies are lagging far behind when it comes to implementing Industry 4.0. Why is that, in your opinion?
Implementing Industry 4.0 means a comprehensive change to the business model corporations are accustomed to, as well a transformation of the technologies used. This results in changes that affect all levels of operation, which can lead to both immense opportunities and the risk of high economic losses. It is precisely within mid-sized companies where business risk and liability become one in the minds of typical management team: If there’s even the slightest hint of risk, then some corporations simply will not take that first step.
In which sectors or applications do you see the greatest benefit of IoT applications?
IoT applications produce added value from connecting uniquely identifiable objects that are also virtually represented on an Internet-like platform. By combining and comparing the virtual images, including current operating data for the associated objects, information can be derived and the design processes accelerated. The basic prerequisite is the connection of an object to the Internet, which requires the use of IT security measures. Thus, the greatest initial benefit is seen in applications in which only sensitive information that requires protection is exchanged. Contents such as energy consumption, operating data or wear information are included here.