TECH 101 Buzz Words: Smart Industry 4.0
Basic Understanding
The introduction of computers in Industry 3.0 was disruptive due to the adoption of an entirely new technology. Now, and in the future as Industry 4.0 unfolds, computers are linked and communicating with one another in order to make choices without the assistance of humans.
Why is it important?
The ultimate goal of Industry 4.0 is to make manufacturing – and related industries including logistics – faster, more efficient, and more customer-centric, while also going beyond automation and efficiency to uncover new business prospects and models.
Companies that are implementing the technologies recognize the promise of Industry 4.0. These same businesses are also wrestling with how to upskill their current personnel to take on new work duties enabled by Internet 4.0, as well as how to attract new employees with the necessary skills.
