In its 2020 Industry 4.0 survey, management consulting firm McKinsey & Co. found that companies with digital technologies better withstood the pandemic’s effects on business.

The so-called Industry 4.0 concept now being embraced in Europe predicts the Internet of Things will change manufacturing as we know it.

Industry 4.0 is a current trend in manufacturing that involves a combination of cyber-physical systems, automation and the Internet of Things (IoT), which together create a smart factory.

Lack of strategic vision: Implementing Industry 4.0 is “too big to handle,” leading to the status quo. Given the perceived enormous magnitude of this transformation, only 40% of large companies have a ...

Industry 4.0’s Missing Growth Catalyst is Security Manufacturing is the second-most targeted industry for attacks, according to the IBM X-Force Threat Intelligence Index, 2018 and third most ...

What we don’t have is the creation of new business models. We’re on the cusp of progress we have yet to imagine. When we do, that’s when we’ll know Industry 4.0 has arrived. Until then, every member ...

Industry 4.0 involves the heavy use of automation and data exchange in manufacturing environments, encompassing areas such as cyber-physical systems, the Internet of Things (IoT) and cloud ...

THE Covid-19 pandemic has clearly impacted business entities and the corporate world, especially those in relation to the Fourth Industrial Revolution (IR 4.0) – a revolution that will change ...