Industry 4.0 and technology are highly interconnected. "There are several aspects that characterize Industry 4.0, including (but not limited to): automated robots, additive manufacture, simulation, horizontal and vertical system integration, industrial IoT, big data and analytics, cloud, cybernetic security, augmented reality, and more." There are so many potential benefits from these technologies, and not just for big manufacturers. Smaller businesses are successfully implementing this technology to improve efficiency and grow their business. Don't get left in the dust! "Traditional manufactures, which still had doubts about the benefits of digital transformation, also need to accelerate the transition to fit the new business model and not be outdated with obsolete technology."
Many have heard of Industry 4.0, but miss the exact meaning of the term. It is used to define a trend that develops from the concept of smart factories, which relate and articulate virtual and physical systems, combined in networks and digital platforms with global viability, providing new and revolutionary value chains. The idea is that we are going through a fourth industrial revolution – therefore, 4.0. This revolution is digital and is driven by technology: Internet (and its widespread use), artificial intelligence, automation, machine learning, and the improvement of sensors, making them smaller and enabling to become part of the so-called “Internet of Things” (IoT), are just a few examples of that. Read More