What do you think about Industry 4.0? Another hype/buzzword or a genuine concept/idea?

3.4k views2 Upvotes8 Comments

Chief Information Technology Officer in IT Services, 201 - 500 employees
Wheel Blockchain is the part for me that is the most promising of the industry 4.0 it will facilitate and secure a lot of processes in the industry.
CIO in Healthcare and Biotech, 51 - 200 employees
Largely it's another buzzword.  Industry is in a constant state of change and there are no absolute versions. Differentiating it in this way is helpful for scholars perhaps, but it does not change the state of business nor add value. What we are ultimately talking about is digital automation and transformations and it seems somewhat arbitrary to define that as starting with one event or ending with one. It began far before the microchip and will continue beyond the end of the nanochip. 
CTO in Energy and Utilities, 10,001+ employees
Genuine but modern smart machines are still not widespread with native API support
Director ERP Management in Travel and Hospitality, 1,001 - 5,000 employees
Genuine concept but with challenges!
Senior Vice President, Product Design and Data Analytics in Finance (non-banking), 1,001 - 5,000 employees
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.
VP in Software, 10,001+ employees
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.
2 1 Reply
CMO in Consumer Goods, 2 - 10 employees

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!

Global Head of AI, Data & Analytics in Software, 10,001+ employees
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

Content you might like

CTO in Software, 201 - 500 employees
Without a doubt - Technical Debt! It's a ball and chain that creates an ever increasing drag on any organization, stifles innovation, and prevents transformation.
Read More Comments
44.9k views132 Upvotes322 Comments

Chief Data Officer in Travel and Hospitality, Self-employed
Data & Analytics
Read More Comments
2.9k views1 Upvote6 Comments

CEO in Services (non-Government), Self-employed
Using AI tools 2-3 a week. Use cases: 
-summaries of content 
-slide outlines
-Beauti.Ai for slide preparation
-Chat GPT 4
Read More Comments
4.6k views2 Upvotes13 Comments