The manufacturing industry has always been defined by aggressive competition and the speed of its processes.
The next industrial revolution, tipped as Industry 4.0, is the next phase in the digitisation of the manufacturing sector. McKinsey has highlighted four disruptions which will drive this: the rise in data volumes, computational power, and connectivity; the emergence of analytics and business-intelligence capabilities; new forms of human-machine interaction and improvements in transferring digital instructions to the physical world.
The promise of ‘fully automated’
Before we get into future gazing, it’s no secret that we’ve been promised an automation takeover since the early 2000s, which has yet to be a reality for many small and mid-sized manufacturers.