DIGITAL FACTORY
Industry
X Explained | Accenture
“ Whilst every revolution was distinct , each one heavily influenced the one to follow . Their core principles of communication , connectivity and automation culminated in the phase most companies are going through today – commonly referred to as Industry 4.0 ,” adds Walker .
So What is the Current Landscape for Industrial Manufacturing ? Happening right now , the fourth industrial revolution ( Industry 4.0 , the digital revolution ), “ is characterised by a confluence of trends and technologies that are blurring the lines between the physical and digital sphere ,” says Ruchir Budhwar , SVP and Regional Head – Europe , Manufacturing , Infosys .
Unique in many ways , “ Industry 4.0 - unlike prior industrial revolutions - is not about replacing the existing assets / technologies with new ones , but about mastering the challenges and opportunities posed by disruptive technologies like AI , machine learning , and big data processing methods ,” continues Budhwar . “ For the first time , an industrial revolution is predicted ahead of time , and not observed post facto . This provides various opportunities for innovative companies to actively shape the future . The two key drivers behind this change are the
40 June 2021