Articles and studies
Many companies are already deploying Industry 4.0 technologies. With Industry 4.0, they are primarily pursuing the objectives of increased productivity, reduced costs, improved quality, and shorter product launch times. New business models still have a minor role to play.
We are living in the VUCA@WORLD (Volatility, Uncertainty, Complexity, Ambiguity): high volatility of demand, growing uncertainty in markets, rising complexity, the individualisation of products, and the development of entirely novel technologies permanently accompany every company nowadays.
From the ideal supply chain to the digitised value creation network. The supply chain management that is familiar to us, based on the integration of suppliers, manufacturers and customers, is being transformed into an ecosystem of companies that are organised in cloud platforms. In the new digital value creation network, data transparency and integration and confidence are leading to higher productivity.
Artificial intelligence is a key technology where Industry 4.0 is concerned. The VDI (Association of German Engineers) has conducted a survey of its members to find out to what extent the topic of artificial intelligence has already taken root in the industry. With approx. 50 % of the respondents, companies from plant and mechanical engineering as well as vehicle construction are predominantly represented. AI is essentially seen as a data...