And now, the fourth industrial revolution is building upon this with topics like connectivity, big data, artificial intelligence and a blurring of the boundaries between the physical, digital, and biological worlds. As well as having a significant impact on our personal lives, it will transform production processes as smart factories improve efficiency and open up a range of exciting new possibilities.
PLANTING THE SEEDS OF INNOVATION
By embracing this revolution, or Industry 4.0 as it is also known, industry is reacting to customers’ needs that call for new manufacturing processes within a smart interconnected environment – the Industrial Internet of Things (IIoT). Those who want to stay ahead must proactively integrate developments across the organization while simultaneously working closely with customers and suppliers. A clear strategic vision driven by performance helps to manage the huge disruption that goes hand in hand with digitalization. Seeing it as an opportunity for growth, progress, and innovation will show how smart products and processes can be developed. Addressing Industry 4.0 will raise awareness of many crucial topics for sustainable and profitable long-term operation.