A storm of challenges faces organizations including the strain of product demand, limited supply chain resources, and an unprecedented exodus of people leaving the workforce. Industry 4.0 technology and systems provide some relief.
Industry 4.0 is a system that combines informational and operational technology to make manufacturing more aware, predictive, and autonomous. Employees operating in a 4.0 environment are highly connected with a more complete view of their business ecosystem.
“Ultimately, you want to run autonomously in a closed-loop system where humans set parameters, but technology runs itself,” said Chris Hill, Technology Program Director at Iowa State University Center for Industrial Research and Service. “Sensors and software directly feed an Industry 4.0 environment. They replace a physical process and feed information back to people.”