Digital transformation and Industry 4.0

For companies the challenges of adopting new production methods become much more complex with each industrial revolution.
 
Furthermore, with the fourth industrial revolution the scope and pace of change are unprecedented because its main drivers are the inherent need to be more customer-centric and to shorten time-to-market. Therefore, companies are expanding their use of technologies to better monitor the challenges facing their ecosystem.
 
The key to overcoming the challenges to scaling Industry 4.0 transformation is by treating it as a series of small projects that will generate quick wins and an immediate return on investment rather than treating it as a large-scale and multiyear programme.
 
Here is some good application advice for launching a digital transformation pilot project for Industry 4.0:
 

1. Ensure you have a robust business case
2. Get company-wide alignment around the vision
3. Ensure your project has the right added value
4. Use data-driven insights and strategy to improve your services

 
None of the above application advice can be effectively deployed unless enterprises digitize.  

In Conclusion, the fourth industry is a powerful concept that needs to be implemented in your business strategy in order to enable businesses to increase efficiency, become more customer-centric and increase overall competitiveness.
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Source: https://www.forbes.com/sites/forbestechcouncil/2021/09/10/industry-40-means-one-thing-informed-business-decisions/?sh=aabde556f84d