Industry 4.0 is being implemented at a rapid rate worldwide, and the U.S. is one of the countries leading the charge. Manufacturing.net said, "Industry 4.0 has become synonymous with the Industrial Internet of Things (IIoT). The US government sees support for IIoT as a means to protect jobs and increase the innovation strength of the US economy, while decreasing the international trade deficit. Over the next five years, the US is expected to invest more capital into the digitalization of manufacturing than any other nation or region." To be competitive, companies should embrace this amazing technology! Governments and businesses alike are investing for a reason - because they are seeing results.
Digitalization is becoming increasingly common as manufacturers of components and systems develop ways to make their products more intelligent. The potential benefits in terms of increased efficiency and responsiveness in a production environment are already clear, but there is still uncertainty about how and when the full benefits of the fourth industrial revolution – Industry 4.0 – will materialise. There are several factors that need to coalesce in order for Industry 4.0 to become a reality. Strong political and economic incentives, the correct investment in skills and training and the availability of advanced tools that make implementation easy will all affect the pace of adoption. Read More