Industry 4.0 changes the rules of the game for manufacturing. It holds great promise for significant increases in productivity by connecting machines with information technologies and the Internet.
Companies that use new technologies for Industry 4.0 are more competitive because they produce at lower costs and possess the flexibility to meet wide ranging and quickly changing customer requirements. Industry 4.0 is upon us, and those that are prepared to implement it now will actively shape and lead the change.
Mass customization is a marketing and manufacturing concept that merges the personalization and flexibility of custom-made with the low cost per unit for which mass production is known. The 4.0 environment advances this concept towards reality. With all useful information available at any time, in any location, it is possible to economically produce individualized products in very small batches. Companies that implement Industry 4.0 produce faster, with more flexibility, greater efficiency of material, and reduced complexity and downtime. Continue Reading ->