Manufacturers are painfully aware that we’re now in the midst of the fourth major upheaval in modern manufacturing. Often referred to as Industry 4.0, this next phase in the manufacturing sector is driven by four disruptions:
- An astonishing rise in data volumes
- The emergence of analytics and business intelligence
- New forms of human-machine interaction
- Improvements in transferring digital instructions to the physical world
And, as technology continues to advance, the barriers to entry and commercialization are also eroding, with new market entrants that are able to operate at a much smaller scale. The key question for traditional manufacturers with all this disruption will be whether they can turn themselves into a modern technology company faster than high-tech entrants can learn the product.
Learn how modern manufacturers are leveraging technology in new ways to sharpen business practices, improve agility and better serve customers. Download our e-book, Powering the Fourth Industrial Revolution with Intelligent Manufacturing.