Industry 4.0 Will More Than Anything Else Be A “Data Revolution”

Fundamental performance indicators of the manufacturing environment such as total equipment effectiveness, unit costs, operational expenses still don’t get the deserved attention in the industry which has gone through three well defined revolutions. Among all the effort put forth to achieve daily production targets, managers find it hard to reserve some time to look at manufacturing systems from a vantage point. Widely used industrial idioms like “saving the day”, “production pressure” and “operational blindness” are indeed expressions of reproach aimed at insufficient managerial styles which fail to locate data at the center. Industry 4.0 or Industrial Internet of Things defining the fourth industrial revolution steps up to cure exactly these types of flaws and place management on data centric and scientific foundations. Thus it can be said that Industry 4.0 will more than anything else be a “data revolution”.

Read this article for some eye opening insights and timely advice on the subject....

Industry 4.0 Will More Than Anything Else Be A “Data Revolution”