Manufacturing and distribution companies are experiencing an unprecedented pace of change in an extremely competitive environment. Customers are seeking customized, made-to-order products. Increased globalization is impacting the supply chain. Industry 4.0, the confluence of machine learning, Artificial Intelligence (AI) and the industrial Internet of Things (IoT), is introducing automation and data exchange to allow interconnection, information transparency, technical assistance, and decentralized decisions. Although Industry 4.0 is vital to the evolution of manufacturing and distribution companies, many organizational challenges exist in implementation.
Manufacturing and distribution companies are experiencing an unprecedented pace of change in an extremely competitive environment. Customers are seeking customized, made-to-order products. Increased globalization is impacting the supply chain. Industry 4.0, the confluence of machine learning, Artificial Intelligence (AI) and the industrial Internet of Things (IoT), is introducing automation and data exchange to allow interconnection, information transparency, technical assistance, and decentralized decisions. Although Industry 4.0 is vital to the evolution of manufacturing and distribution companies, many organizational challenges exist in implementation.