Embrace Industry 4.0 and rediscover growth
The rise of the new digital industrial technology, known as Industry 4.0, is a transformation that allows for the collection and analysis of data across multiple machines, enabling faster, more flexible and efficient processes to produce higher-quality goods at reduced costs. This manufacturing revolution will increase productivity, shift the economy, favour industrial growth and change the profile of the workforce, ultimately changing the competitiveness of both companies and regions.
Nine technologies that transform industrial production
Advanced digital technology is already being used in manufacturing, but with Industry 4.0 it will transform manufacturing. It will lead to greater efficiencies and will change the traditional manufacturing relationships between the suppliers, manufacturers and customers, as well as between both man and machine. Nine technology trends that make up the building blocks of Industry 4.0.
Adoption of sector 4.0
Companies face daunting challenges in adopting these new technologies. To build and then to sustain an advantage in the race to full application, they need to broaden and also deepen their practical knowledge of digital technologies and the relative use cases. Then they need to develop and implement bespoke digital manufacturing strategies.