Challenges of Industry 4.0

We are in the midst of the fourth industrial revolution, Industry 4.0 as its more commonly known. Of course, with a great opportunity, comes great challenges. But before we delve any deeper, let’s define Industry 4.0 in nutshell Industry 4.0 is the of automation information and data exchange in manufacturing technologies. The notion includes cyber-physical systems, the Internet of things and cloud computing. Industry 4.0 is coming fast and continues to change the way we interact with the world around us, implementation barriers of the entire concept are very strong. Among the top cited challenges, a few are: ·         Understanding the entire business case ·         Continuous Market Evolution ·         Knowing how to manage the technical investment ·         How to understand the customer needs better ·     ...