We all noticed the Buzz: Industrial production is changing dramatically. The driving force is the so-called Industry 4.0, a fancy name for the 4th industrial revolution. A combination of advances in data science and the proliferation of sensors, generating an increasing amount of data, is creating a gigantic amount of opportunities. The interesting part of it all is: we know it has started, but right now the full impact of this revolution is still unknown.
Testimonies of those companies that already engaged in their first Industry 4.0 experiments tell us that the change is radical. The impact reaches the core of the organisation: their business model. Monitoring, using data and performing profound analysis is changing the production process, but also the way the company interacts with their suppliers and customers: the process is shaking up entire value chains. To those that haven't taken their first explorative steps into this new way of working the message is clear: either start implementing it right now, or prepare for a future where it is certain that you'll be overrun from all sides.
Our interactions with the industrial production sector to date has revealed 2 trends: 'pimping' existing production sites and machine builders making their products smart.