Industry 4.0 is the current trend of data exchange and automation in manufacturing technologies. Cyber-physical systems cooperate and communicate with each other as well as with humans internally and across services used and offered by value chain participants. An Industry 4.0 report can provide many benefits. Since there are more automation and fewer people, businesses can make decisions more quickly. Automation also keeps quality high, which helps improve the company’s efficiency.
Industry 4.0 is suited to design experimentation and new product introduction. Businesses can gain a deeper understanding of what works in process and product design. Industry 4.0 focuses on one-off manufacturing, high mix and small lots, improving agility and processes throughout the production process. Initial investments will be required, but once the intelligence is built into the company’s processes and products, the costs will drop. Industry 4.0 can help businesses lower operating and personnel costscontinue reading →