#industry40 tranformation is very similar to LEAN transformation and hence companies can use similar strategies to achieve untapped productivity and profitability gains
Innovation strategies are key to driving sustainable and profitable growth.
The term industry 4.0 refers to a further developmental stage in the organization and management of the entire value chain process involved in the manufacturing industry. It is also referred to as "fourth industrial revolution". Comprehensive, integrated communications technology are increasingly blurring the boundaries between the real and virtual world in what are known as "Cyber-physical production systems" (CPPSs). Blog by Ketan Sharad Deshpande from Anoka county Minnesota MN