In manufacturing circles we see a number of different perspectives on Industry 4.0. Why? Because different organizations and managers see different levels of risk, value and return in it. Because we don’t have to use new technologies and capabilities simply because they’re available. And maybe because, although we’ve described a better manufacturing future, we’ve glossed over how to get there. What’s the path to Industry 4.0?
For manufacturers, the capabilities offered by the 4th Industrial Revolution, particularly the Industrial Internet of Things (IIoT), automation and connected machines, are enabling greater operational efficiency, higher product quality and improved maintenance processes – and are driving changes to long-established business models.