As per a study conducted by Bitcom, the implementation concepts of Industry 4.0 have been provided which shows the actual status of industrial and medium-sized companies. The status of the fourth industry has been graphically presented, The graph clearly shows the need for such technology in the mechanical energy sector is the most whereas in the metal production and processing sector is not yet as … Continue reading What is the scenario with Industry 4.0?

So, the question circulates about the possibility of having both the world together under one umbrella and compared it. It is playing an important role in each other. Industry 4.0, as we all know about revolutionizing the industries whereas AI is completely about ruling the world from the perspective of a robot. However, in the technical world, both are impacting one another in a bigger … Continue reading Is AI important in the context of Industry 4.0?

A survey conducted in 2017 by Statista, shows the goals being incorporated by many industrial ventures in digital technologies. Ideally, if you are not following the trend then there is a chance of being perished but, with new trends, visionary goals need to be set with a pre-defined mindset to better your opportunities. In my opinion, the idea behind Industry 4.0 is to revolutionize the … Continue reading What Industry 4.0 goals need to be used in digital technologies 2017?

The growth of the fourth industry not only open the door for new opportunities but also different sector. As the term indicates, it is not just identified with Machinery and industrial sector but also in the agricultural and forest business. A business with opportunities in digitalizing the records and also with automated functions can turn the avenue. Industry 4.0 also introduces certain effects among the … Continue reading How Industry 4.0 will be viewed?

Platform-based business models are particularly popular among the surveyed industrial companies that change products or services with Industry 4.0. In my opinion, Industry 4.0 and digitalization are growing hand in hand where the global market and industry is trying to narrow down more and more with the new business model. As innovative technologies are, so does the industry platform. Source:- Industry.de Continue reading Is the platform-based business model favorable?

Platform-based business models are particularly popular among the surveyed industrial companies that change products or services with Industry 4.0. In my opinion, Industry 4.0 and digitalization is growing hand in hand where the global market and industry is trying to narrow down more and more with new business model. As innovative technologies are, so does the industry platform. Source:- https://industrie.de/arbeitswelt/neue-geschaeftsmodelle-fuer-die-industrie/ Continue reading Is the platform-based business model favourable?

As per the latest survey by the digital association Bitcom, more than 100 employees from more than 500 industrial companies were questioned. The impact of the fourth industry has been graphically represented:- In my opinion, the survey also shows that how important the role of use or planned Industry 4.0 technologies to be strong to act on various companies. The development of new products or … Continue reading What future holds for industry 4.0?