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Industry 4.0, which is synonymous with smart manufacturing, is the realization of the digital transformation of the field, delivering real-time decision making, enhanced productivity, flexibility and agility to revolutionize the way companies manufacture, improve and distribute their products.
Aug 17, 2022 · Industry 4.0, the Fourth Industrial Revolution, and 4IR all refer to the current era of connectivity, advanced analytics, automation, and advanced-manufacturing technology that has been transforming global business for years.
What is industry 4.0? Industry 4.0 technologies revolutionize the automation, monitoring, and analysis of supply chains through smart technology. Explore Industry 4.0 solutions. Industry 4.0 overview. Industry 4.0 has reinvented how businesses design, manufacture, and distribute their products.
Dec 18, 2017 · In short, Industry 4.0 is ushering in a digital reality that may alter the rules of production, operations, workforce—even society. What is Industry 4.0? The Fourth Industrial Revolution, commonly known as Industry 4.0, appears to be changing the way businesses function and, by extension, the stakes by which they are forced to compete.
In October 2012, the Working Group on Industry 4.0 presented a set of Industry 4.0 implementation recommendations to the German federal government. The workgroup members and partners are recognised as the founding fathers and driving force behind Industry 4.0.
Apr 13, 2022 · Before jumping headfirst into procurement and deployment, the leading companies spend time identifying the full potential of Industry 4.0—pinpointing high-leverage areas across the manufacturing value chain—and architecting a laser-focused digital-manufacturing strategy and deployment road map.
According to McKinsey and the World Economic Forum, the technologies of Industry 4.0 will potentially deliver up to USD $3.7 trillion in value for the global economy by 2025, through new products and services.
