By 2025, the market for big data and industrial internet of things is expected to grow to nearly $1.2 trillion. Data intelligence has been driving a whole new industrial revolution as we’ve never seen before. Industry 4.0 is utilizing automation that is driven by artificial intelligence and uses optimized manufacturing with real-time data and sensors.
This new technology is allowing for the integration of cyber-physical systems throughout the supply chain. There are three key components to this new revolution, smart communication, data quality, and smart devices. Smart communication allows manufacturers to respond quickly to any change in demand, inventory shortfalls, or equipment faults. Data quality helps companies quickly locate and respond to problems through an organization-wide network. And smart devices increase autonomous ecosystems that act as a catalyst for the future of the industry.
Industry 4.0 is changing the way companies operate, find out more about how this could impact your business.
Infographic by: partsolutions