At present, China is accelerating the implementation of "Made in China 2025", which is the Chinese version of "Industry 4.0", and is fully promoting the transformation and upgrading of manufacturing to intelligent manufacturing. In order to ride on the 4.0 era fast train of the industry and occupy an advantage in future industrial competition, manufacturing enterprises are also stepping up the road to intelligent, automated and digital transformation.
Industry 4.0 integrates popular technologies such as the Internet of Things, big data, cloud computing, connectivity, analysis, artificial intelligence, and augmented reality, and has completely changed the foundation of the next industrial revolution. By connecting the reality and the digital world, Industry 4.0 provides an interconnected overall solution for the manufacturing industry. This connection enables better collaboration and communication between departments, partners, suppliers, and even products and people.
In addition, Industry 4.0 enables business owners to better control and understand all aspects of plant operations, enabling them to use real-time data to increase productivity, optimize processes, and promote business growth. The main goal of Industry 4.0 is to make manufacturing faster, more efficient, and customer-centric. Moreover, with Industry 4.0, manufacturing companies can not only optimize processes and accelerate process automation, but also find new business opportunities and revolutionize business models.
According to KPMG predictions, by 2020, Industry 4.0 will release more than $ 4 trillion in market opportunities.