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Innovative Thinking

Industry 4.0: Multiplying Possibilities and Reaping Rewards

The possibilities of applying Industry 4.0 technologies to the industrial arena are virtually unlimited. Imagine a real-time connected supply chain; one where all the components, including the producer, supplier, transporter, manufacturer, distributor, and retailer “talk” to each other. Imagine if all vehicles, containers, and pallets were interconnected. Imagine if all production equipment was interconnected. Imagine if a factory’s repositories were connected to mobile and wearables.

These changes could allow companies to understand and adapt to the consumers’ needs. They could improve the inventory management and quality of products, self-adjust based on the materials and conditions of the factory floor, and even give the workers and personnel a clearer insight into the processes.