A Fresh Look At Industry 4.0 for Industrial Manufacturing
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Industry 4.0 originally had agility and reactivity built in, which has become more essential than ever to exploit.
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There have been many significant changes in the realm of industrial manufacturing, such as:
- Cheaper IoT sensors vs. industrial-grade instruments
- Rapid software development
- Faster experimentation
- More agile operational readiness
What hasn’t changed are the laws of economics. This paper discusses how to build a robust business case to gain the maximum value of Industry 4.0.