Industry 4.0 is changing the manufacturing industry rapidly, and technologies that are being developed could potentially drastically impact the future of manufacturing. Forbes said, "Manufacturing, which in many places hasn't fundamentally changed in hundreds of years. . . is now poised to become a lot smarter, with automation and AI creating innovations not seen since the First Industrial Revolution some 300 years ago." The future could be production floors working in sync, because people and machines are fully communicating with each other. Machines collaborating with humans to make manufacturing safer and more efficient is possible now, and will become more prevalent in the years to come.
Autonomous warehouses where robots talk to each other over secure Wi-Fi, and where production machines are fixed before they fail - the future factory is coming. By 2025, the sector called Industry 4.0 –the Fourth Industrial Revolution--is expected to generate close to $1 trillion in economic value, much of it unlocked by the efficiencies and disruptions transforming factories and production lines around the world. Read More