Industry 4.0 is a new paradigm in the world of manufacturing. Find out what it is really about and how important it is for manufacturing in this article.
What is special about Industry 4.0?
It has not only improved industrial technology significantly but also brought this sophisticated technology within reach of SMEs.
But then, there is a web of hype surrounding Industry 4.0 and related concepts like digital transformation and IIoT, which prevent many enterprises from leveraging the benefits.
With the advancements in IIoT (Industrial Internet of Things) and data analytics, it is possible to fetch and process zillions of data for bringing automation in field operations and supply chain management.
Implementing an effective digital transformation strategy not only improves the competitiveness of modern enterprises but also boosts their productivity and capability to make informed decisions.
Though the hype has surrounded IIoT and Industry 4.0, these technologies have several use cases with proven ROI.
Despite some organizations in denial about Industry 4.0’s impact on the manufacturing, many organizations have already started to impact their revenues with futuristic technology advancements.
Some, Industry 4.0 Solutions applications are IoT, Cloud Computing, Big Data, Advanced Robotics, AR/VR, AI, ML, Analytics etc.
