Industry 4.0
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Industry 4.0
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Industry 4.0 is the phenomenon in which the digital world communicates with the physical world in real-time, resulting in disruptive innovations. It has the potential to fundamentally change the business model and manufacturing landscape, thus bringing in a revolution.
Given the enormity of possible changes, Industry 4.0 is not just a technical development having tactical implications, it has weighty strategic implications for organizations. Organizations would need to rethink their established business models. It is not only to effectively leverage Industry 4.0 potential, but also to survive against competition which has better mastered the human and science of it. |
Industry 4.0 not only concerned manufacturing companies, but all sectors of activity.
In order to gain the benefits from the Industry's 4.0 revolutions, companies need to be ready for higher business agility, accelerating evolution and the increasing role of all forms of data and information. Most importantly, companies need to build bridges among the internal Production, Process and People as well as existing silos, gaps, chasms and new ecosystems. From digitizing and capturing paper-based information to enhancing machines and processes, empowering knowledge workers, better serving stakeholders and getting the right information and business intelligence require pragmatic approaches and integrations. Today, it is no longer enough to collect data about products, processes or customers. Companies must also know how to use them to transform, perform relevant analysis and ultimately create new ways of doing things. |