Adaptability: A Key Characteristic of a Successful Industry 4.0 Firm

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by Kevin Madden With the global economy in the preliminary stages of Industry 4.0, what a true Industry 4.0 company will look like is still being determined. However, it is almost certain that the firms poised to succeed in this new environment will be adaptable. Adaptability is an underlying theme of a recent report by Deloitte Insights …

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Industry 4.0

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by Breenda Shah What is Industry 4.0?    First came the steam-engines in the 1800’s that entirely transformed the textile industry and improved transportation. Next was the introduction of electricity, assembly line and mass production allowing the mechanization of factories. The third industrial transformation came with the introduction of computers and robotics. Machines and robots are replacing …

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The Response of Educational Institutions to Industry 4.0

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By Jonathan Soriano What is Industry 4.0? Industry 4.0 embodies the integration of real time data analytics into the end-to-end manufacturing production process. This integration allows all parties involved in production to access the data and respond immediately. The result is an interconnected, automated manufacturing process that allows increased product customization. Productivity is also improved because …

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