Industry 4.0, or fourth industrial revolution, is here – and those manufacturing companies that are able to catch up, will win against their competition. Also referred to as “The Smart Factory” or “Connected Industry,” Industry 4.0 involves integrated and automated data and process management.
In a “smart factory” all the members of the supply chain can communicate without human interaction, significantly improving production flow. All documents and processes are managed automatically. All possible contracts, proposals, employee information, communication, tasks, responsible employees, and task progress becomes visible in one system, in real time.
