What do you think about Industry 4.0? Another hype/buzzword or a genuine concept/idea?
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Not at all,I believe it's not a hype, and even if it for now, it has lot of proofs that it will change the industry in future. Improvements in field of communication alone will be a big driver, industry will also becoming aware of ESG with industry 4 wave which is finally abgood thing.
It is not a hype and I agree with you. It is paving the way for smart manufacturing where IIOT and IOT with advanced data analytics, end-to-end visibility with connected devices will shape the future factory floor. Factories who won’t adopt the new wave of technology and digital transformation will have to make way to early adopters who will see process efficiencies and yield optimizations using AI/ML will achieve far greater results while remaining lean. ESG goes hand in hand with 4IR, you said it right!
Buzzwords are needed to reinstate value and belief that an idea could deliver in the industry. Analytics was considered a hype too, so was Blockchain.
Genuine concept but with challenges!
Genuine but modern smart machines are still not widespread with native API support
Industry 4.0 is very real and has been for a few years now, it's just the term used to describe the modern state of industry.
Is automation and analytics from IoT data hype? No it's beyond proven value
Is applying predictive maintenance, supply chain optimisation through digital twins or using smart equipment for safety concepts? No they're very real technologies already in production in most modern organisations