The Fourth Industrial Revolution is characterised by digitalisation. From the supplier all the way through to the consumer, all aspects of business will be interconnected, supported by digital infrastructure and advanced robotics.
This means new business models and precise, individualised customer service, as well as colossal improvements in efficiency, speed and quality. With an abundance of data, as well as new metrics to utilise this data, size no longer matters when it comes to gaining a competitive advantage.
IIoT/Industry 4.0 is coming. Within the next five years, innovation is expected to progress to the point where disruptive technology will be widespread. Unlike before, where growth and innovation was linear, IIoT and Industry 4.0 will progress to the point where even the rate of progression itself will increase. No industry will be unaffected, but these six will benefit the most:
Manufacturing, Food Processing and Automotive
Reliable Energy Supply and Resourceable Raw Materials
Integrated Care, Biometrics and Precision Surgery
Digitisation of Agriculture
Consumer Electronics, Software and Hardware
Agrochemicals and Optimised Processes
Planet Earth stands on the cusp of a technological revolution that changes the way we relate to one another, the way we work and the way we live. Such a revolution will be unprecedented in scale, scope, as well as complexity.
To this end, Challenge Advisory have compiled a document to outline our client service, and to consolidate our efficacy when it comes to providing sustainable solutions to prepare for The Fourth Industrial Revolution, and the advent of the Industrial Internet of Things. Download it below to improve your knowledge of the Internet of Things.
The potential of the Fourth Industrial revolution is vast, but in order for companies to fully take advantage of the opportunities available, there are numerous stumbling blocks that must first be hurdled.
We are on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. Learn how.
Challenge Advisory have constructed a number of programs that are designed to help businesses to implement new elements of the Fourth Industrial Revolution.
One of the major advantages the industrial Internet of Things (IIoT) will deliver for supply chain operations is improved visibility. Start-to-finish visibility has always been the ultimate objective of supply chain managers, who recognise that it would significantly improve efficiency and drive down costs.
One of the major advantages the industrial Internet of Things (IIoT) will deliver for supply chain operations is improved visibility. Start-to-finish visibility has always been the ultimate objective of supply chain managers, who recognise that it would significantly improve efficiency and drive down costs.
In the 18th century it was water and steam power, in the 19th century it was electricity and mass production, and in the 20th century it was computerisation. So what comes next?
