If you want to see proof of industry 4.0's benefits, check out these success stories. Industry Week put together a list of nine companies leading the way! They said, "These beacons should serve as a good model for how to successfully implement Industrial Internet of Things solutions that provide tangible financial and operational impact." The list includes Bayer Biopharmaceutical in Italy, Bosch Automotive in China, Haier in China, Johnson & Johnson Depuy Synthes in Ireland, Phoenix Contact in Germany, Procter & Gamble in the Czech Republic, Schneider Electric in France, Siemens in China, and Fast Radius in the USA. Look to them for inspiration when embarking on your industry 4.0 journey!
World Economic Forum research found that seven out of 10 manufacturers fail in pushing initiatives in big data analytics, A.I. and additive manufacturing past the pilot phase."The [Internet of Things] is expected to deliver productivity gains amounting to more than $3.7 trillion," said Helena Leurent, Head of the Shaping the Future of Production System Initiative and Member of the Executive Committee at the World Economic Forum.Read More