A report by IDC predicts that by 2020, 60% of all manufacturing supply chains will have benefited from digital transformation. Changing customer expectations, the impact of big data analytics, and advances in machine learning are just a few of the factors fueling transformation across industries
Machine learning is a driving force behind Industry 4.0, and how well manufacturers can harness these pillars of digital transformation will dictate how successfully they're able to operate in this new era of industry. The increasing accessibility of digital manufacturing tools, such as cloud storage, software, and IoT sensors, is making it more possible than ever to create “smart factories” where devices, assets, and resources all over the world can sync together to make the industry more productive.
In the manufacturing sector, there's also the rise of automation to reckon with. The fourth wave of the industrial revolution is upon us, and with it comes the promise of the “smart factory”. Industry 4.0 foresees every machine and device connected by a common platform in the manufacturing value chain.