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Industry note
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Reference no. IMD-7-1784
Published by: International Institute for Management Development (IMD)
Originally published in: 2016
Version: 14.04.2016

Abstract

Industry 4.0 is impacting companies at many different levels. New technology, robots and communications are taking manufacturing through a full restructuring process. Today, many of the promises that Industry 4.0 - also referred to as the industrial internet - may still sound unrealistic and distant. Executives and business consultants talk about its potential as something that is about to happen. But has it really started? Indeed, Industry 4.0 is no longer the future. Some organizations are already transforming their processes to adapt to the new digital reality that the industrial internet is bringing with it. The process may not always be painless but it offers countless benefits that make it worthwhile. This technical note provides a compilation of leading-edge initiatives that may show us the path forward.
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Abstract

Industry 4.0 is impacting companies at many different levels. New technology, robots and communications are taking manufacturing through a full restructuring process. Today, many of the promises that Industry 4.0 - also referred to as the industrial internet - may still sound unrealistic and distant. Executives and business consultants talk about its potential as something that is about to happen. But has it really started? Indeed, Industry 4.0 is no longer the future. Some organizations are already transforming their processes to adapt to the new digital reality that the industrial internet is bringing with it. The process may not always be painless but it offers countless benefits that make it worthwhile. This technical note provides a compilation of leading-edge initiatives that may show us the path forward.

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