Industrial and High Tech Insights From QAD

Glenn Graney

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It seems as if the whole world wants to talk about Industry 4.0 (or Industrie 4.0 if you prefer the European spelling). Industry 4.0 is embodied by two main buzz worthy topics known as the Internet of Things (IoT) and Big Data / Advanced Analytics. What Is Industry 4.0? The "4.0" references what many consider to be the fourth major industrial revolution. The first being the utilization of machines, the second involving assembly lines and mass production, the third employing automation, and now the fourth: cyber physical systems (machines communicating with one another). That modest single digit pales in comparison to the other numbers that are bantered about when talking about Industry 4.0. Most estimate that there will be 22.5 Billion IoT devices by 2021 - or roughly three for every one person on earth. Along with that is the prediction that $4.8 trillion will be ... (more)