Top 5 current industry trends

It shouldn’t be a surprise that Industry 4.0 and related topics are dominating current industry trends right now. IoT and Industry 4.0 are being compared to the industrial revolution and Henry Ford’s mass production because they are changing the industry so drastically.

Along with that comes AI and machine learning, robots providing safer work environments, improved speed and efficiency, and data/analytics. All of these things have influenced the expectations of customers, so now everyone needs to catch up.

“To keep up with these expectations, digital transformation changes the way businesses manage and share product information across the enterprise, increasing production and transparency and decreasing cost and downtime.”

Recommended ReadTop 5 Digital Transformation Trends In ManufacturingSource: http://www.forbes.com

Like the Industrial Revolution impacted manufacturing, digital transformation is now responsible for changing the industry. Finally, industrial manufacturers are joining their counterparts — as I’ve previously discussed — and are moving to a digital world. Not since Henry Ford introduced mass production has there been a revolution to this scale. Now, manufacturing companies are using technology to move from mass production to customized production, and it’s happening at a rapid pace. Read More