It was just a handful of years ago when manufacturers embraced a new trend of machine learning using sensors for condition monitoring to help them detect early faults and wear and tear of their assets so they could avoid unexpected and costly breakdowns.
The next Industrial Revolution is upon us. You may have heard the terms Industry 4.0, factories of the future, or smart factories, but do you really know what that means? Put simply, Industry 4.0 is the modernization of manufacturing.
Now, on our fourth iteration of the Industrial revolution, Industry 4.0 continues to fulfill its mission to modernize manufacturing through increased efficiencies and sustainability by connecting the dots between a company’s physical assets and its data with the help of digital transformation through disruptive technologies.