FAQs
Industry 4.0 is a new technology in manufacturing that focuses on building business continuity, shortening recovery times, and developing new and agile business models. It adopts automation and digital technologies so manufacturing companies can adapt their business models, automate manufacturing processes, and develop IoT solutions.
Some examples of industrial technology include electronics (i.e. mobile devices, televisions, and circuit boards), construction (e.g. 3D printing and drones), data collection apps, blockchain technology, indoor positioning systems, and chatbots.
Industry 4.0 technologies are transforming manufacturing by connecting devices with faster networks and combining data from field devices. This makes it easier for industrial and manufacturing companies to adapt their products and services while transitioning from physical products to digital software and digital services business solutions.