Industry 4.0 is the next step in the evolution of manufacturing, based on the idea that machines should be able to communicate with each other and work together to create new products and services. Also known as the fourth industrial revolution, Industry 4.0 solutions are already changing the way we live and work forever—and making a huge impact on the world economy. Industry 4.0 is the application of technology to digitally transform how industrial companies operate. These technologies include the industrial IoT, automation and robotics, predictive maintenance, simulation, additive manufacturing, and IoT analytics. Industry 4.0 is driven by a need to boost efficiency, become more agile to respond to market unpredictability, improve quality, and to enable new business models.
The term was coined by Klaus Schwab, founder and executive chairman of the World Economic Forum. Our manufacturing solutions today have advanced far past where the industrial revolution got its start—and companies like yours are reaping the benefits of digital transformation initiatives today from this evolution.
Benefits of Industry 4.0
Industry 4.0 is the new era of manufacturing, combining technology, robotics, artificial intelligence, and automation to create an efficient and effective manufacturing process. Investing in new technologies—where digital solutions transform your physical operations—means keeping the benefits for the organization at the forefront of your strategy. When it comes to Industry 4.0 digital transformation in your factory, your business can achieve increased productivity and efficiency, higher quality and output, and improved safety across your lines, assemblies, plants, and factories.