Industry 4.0 is not a futuristic concept, it is already a reality that begins to have an effect on the operational indicators of companies. At the basis of this revolution is the digital connectivity that comes from the massive use of the Internet. Products, machines and people are networked, increasingly in number, through digital platforms that provide information in real time. Several concepts and technologies inhabit initiatives related to Industry 4.0: interoperability between machines, Machine to Machine; Internet of Things; repositories with massive amounts of data (Big Data); data analysis and real-time decision-making in the digital world with fractional second-to-second delays relative to events in the physical world; Artificial Intelligence, either through the use of Chatbots in interaction with humans, or through Machine Learning algorithms. Industry 4.0 is not, therefore, a chain or a fashion, but an evolution that guarantees benefits such as reducing costs, energy, increasing safety and quality, and improving process efficiency. Industry 4.0 is already a reality and the way we deal with production is changing. It is up to us to take advantage of its benefits for the competitiveness and the success of the business.
Amélia Pinto Basto
International Business Consultant @ Quidgest