The so-called industry 4.0 is based on digital technologies, such as the Internet of Things (IoT), artificial intelligence (AI), Big Data, robotics, virtual and augmented reality, among others… Their goal is to create a smart and connected factory, that can adapt to market and customers changes and is capable of producing high-quality, customized products at low cost.
Technologies related to industry 4.0 can also lead to brand new products and services. The use of sensors and wearable devices, analytics, and robotics, among others, will enable product enhancements in variety of ways, from prototyping and testing to adding connectivity to previously unconnected products. These changes translate, in turn, into changes in the supply chain and, consequently, in customers.
However, the industry 4.0 implementation can present many challenges, let’s see what they are: