Author: Punit Renjen
We are still in the early stages of Industry 4.0, also known as the Fourth Industrial Revolution, which brings together physical assets—including machinery, vehicles and inventory—with digital technologies such as analytics, artificial intelligence, cognitive technologies and the internet of things (IoT).
This marriage of the physical with the digital allows for the creation of a digital enterprise that is not only interconnected, but also capable of more holistic, informed decision making. This ever-changing environment creates uncertainty that leaves executives struggling to ready their organizations for Industry 4.0. That said, some leaders are finding success navigating this new era to create growth.