Few executives anticipated how quickly Industry 4.0 – also known as the Internet of Things, Smart Manufacturing, etc. – would come to pass. – would reform the manufacturing industry. In 2014, nearly half of executives had never heard of Internet of Things.
But less than three years later, two-thirds of companies report having significant or some knowledge of IoT and how to apply it to their business. Over the past 3 years, digital information – driven by the Fourth Industrial Revolution (Industry 4.0) – has shifted oversight from smart managers to smart machines. By 2017, two-thirds of manufacturers improved profitability using IoT. Some leading manufacturers have implemented best practices, advanced technologies and digital talent to reap the benefits of Industry 4.0. But all manufacturers can go through the same five stages of digital maturity – to increase productivity and profits at each point in their own industrial development.
Whitepaper: The Digital Road to Industry 4.0 and Beyond
This white paper describes the 5 stages of digital maturity to Industry 4.0 and beyond.
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