Disruptive Technologies and Industry 4.0

What’s new in the smart factory of Industry 4.0? The Internet of Things, or IoT, has some tricks up its cyber-physical systems’ sleeves that will inspire a myriad of opportunities, profits, and increased revenues. The best news is that you really don’t have to understand all that it offers and how it happens. The basic requirement is that you believe the things it can do like control every step of the supply chain regardless of distance or deliver reliable productivity and input!

Automation and computers meet in an intriguing environment where robotics connect remotely to computer systems. From there, machine learning algorithms discover how to control the robotics with minimal input from human operators. Decentralized decisions, communication, and cooperation with humans and one another takes place in real time through the Internet and becomes a working product of the IoT.

Humans tend to evade total commitment to new technology, particularly when it results in less control. As nice as it is to give away the hard work, there’s an overwhelming urge to oversee the project. We worry about security breaches, decreases in human jobs, and expensive repairs. How can we make the most of Industry 4.0 opportunities and disruptive technologies if we need to first convince investors and stakeholders to jump at the chance to heavily invest in what should be the chance of a lifetime?

Emphasize Infinite Diversity

Virtually every industry and sector has different needs and benefits. Enjoy the opportunity to encourage investors in a single project that inspires their interest. Point out the various positions for humans, computers, and robotics, including:

• Data analysis and collection.
• Quality control.
• Specialized designs and equipment.
• IT
• Programming

Provide answers and data at the speed of lightning once the power of big data is harnessed. Devices within the network deliver a plethora of information that bogs down comprehension by the human brain. Instead, specialized computers sort through the details according to defined parameters and present the requested data in a graphical or pictorial format. The visual analytics help viewers grasp subtle changes and new patterns.

Helping Industry 4.0 Evolve

Humankind requires an open mind to bring about Industry 4.0. The technology required by the IoT requires a healthy dose of supply and demand to survive and succeed. Good salaries and plentiful employment provide consumers with money to spend on things they want. Rewarding and encouraging the development of technology and creativity brings about the advancement.

The good news is that this action is already in place around the world. Manulife’s Lab of Forward Thinking (LOFT), located in the thriving areas of Singapore, Toronto, and Boston, builds competitive advantages within the financial services industry. Employees are encouraged to use technologies like artificial intelligence (AI) to determine new solutions for building wealth and prioritizing customer needs. The resulting prosperity and technological progress heralding Industry 4.0 is in place and functioning. Now it’s up to world citizens to look forward and help it thrive.

About Bill McCabe/ Internet of Things Recruiting - Executive Search/ Retained Search for the Internet of Things/ Machine 2 Machine/ Big Data Markets

IBM IOT Futurist - Top 50 IOT Authority on Twitter - Guest contributor to IoT Central, Medium and US.ibm.com/blog

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