How to Implement Industry 4.0 in Manufacturing?
In manufacturing, what is the rate of adoption of sensor technologies, advanced analytics, artificial intelligence, and machine learning in the industrial industry as the world quickly advances in Industry 4.0 technology?
Smart firms worldwide rely on Industry 4.0 technologies and systems to increase efficiencies and open new revenue sources. Industry 4.0 collects and analyses data using sensor technologies, advanced analytics, artificial intelligence, and machine learning.
Manufacturers may reduce production downtime, increase product quality, and enable proactive maintenance by leveraging Industry 4.0 technologies. Nonetheless, legacy firms must fully capitalize on the benefits of large-scale transformation.
Statista predicts that the market will grow from $263 billion in 20...