The emergence of the fourth industrial revolution
Industry 4.0 is transforming how all companies operate and create value. Industry 4.0 requires the integration of smart, connected solutions and services, and the replacement of production tools incompatible with connected factory concepts.
The connected factory is the driving force of the new product digital lifecycle, with consumers being the ones who will reap the greatest benefit. Flexible and versatile, it enables companies to simultaneously work on multiple production models or to easily switch from one to the other.
Production plants become capable of adapting to different modes of production, from mass production to on-demand production. The fourth industrial revolution will push more and more companies to create completely digitized value chains around their products.
Production plants must become capable of easily switching from one production model to another, while maintaining the profitability of operations.