As the concept of Industry 4.0, the Internet of Things, smart factories, big data and digitalisation makes headlines, will manufacturers realise the full potential of the available technologies, and use them to their full advantage?
Manufacturers say they want to use the technologies of Industry 4.0 (4IR) to improve their businesses. But the barriers to investment seem to be high and many are not moving quickly enough as markets change.
Digital Catapult and Innovate UK have announced an ‘Industry 4.0, Hack & Pitch’, an initiative asking SMEs to identify innovative solutions that will positively disrupt UK manufacturing and help combat some of the industry’s biggest challenges.
Supply chain technology is evolving to combine disparate streams of readily available data to enable active, dynamic decision-making that reduces network latency, boosts competitiveness, increases supply chain resiliency and protects profit margins. Fabrizio Brasca reports.