The "wait and see" method is not a good choice when it comes to Industry 4.0.
Tech HQ reported, "As this seachange takes hold, GlobalData’s Disruptive Tech Analyst, Kiran Raj, warns that manufacturers that are slow to adopt these changing technologies and mindsets risk falling behind competitors who are able to deliver 'higher quality products at lower costs.'"
If you wait, chances are you will fall too far behind to catch up. Get started on your transition today!
Raj describes these organizations as building “cyber-physical production systems”, and while that sounds massively complicated, according to GlobalData, Industry 4.0 initiatives can be largely distilled down to the adoption of several core technologies.In an analysis of its Disruptor Tech Database, the industry intelligence firm identified five crucial technologies in transforming industrial manufacturing: big data & analytics (BDA), Industrial Internet of Things (IIoT), additive manufacturing (3D printing) and augmented reality (AR).Read More