Month: August 2018

Augmented Reality

by Jonathan Soriano Augmented reality (AR) has recently emerged as a technology with the potential to greatly improve manufacturing processes. However, there is a common misconception that augmented reality and automation are competing technologies. The reality is these two technologies are complementary and can both be utilized to help firms improve productivity. Augmented reality enables …

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Impact of Industry 4.0 on Business Models of SMEs: Lessons From Germany

by Kevin Madden If you are a small-to-medium enterprise (SME), you have likely heard the phrase “Industry 4.0”. You may not, however, be convinced that it is relevant to your business. Many SMEs understand Industry 4.0 as an initiative that large corporations with exorbitant capital budgets, like Siemens or Boeing, are undertaking. However, regardless of …

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