Industry 4.0: Why Manufacturers Need to Keep Their Eye on the Long Game
June 06, 2019 / Nigel Duckworth
An industrial revolution is a fundamental shift in the way industry works that forever changes the way manufacturing is done. However, besieged by bright shiny objects of Industry 4.0, manufacturers should focus on long term goals instead of being swept up by the abundance of new technologies, such as cloud, big data, IoT, mobile, location, additive manufacturing, edge computing, miniaturization, augmented and virtual reality, artificial intelligence (AI), automation, and robotics. Without question, the blossoming of new disruptive technologies has raised the bar on what customers expect, putting pressure on manufacturers to deliver more product options faster and more conveniently. Yet similar to the first three industrial revolutions, it is this communication and collaboration that drive much of the business value that Industry 4.0 offers.