Industry 4.0 is trendy. Besides everything else, Industry 4.0 is a digitally-networked communication style. It's en vogue to fashion your whole enterprise as Industry 4.0 and an IoT-compliant business. When you start shaping your enterprise to make it Industry 4.0-capable, you are engaging in the digital transformation of our digital transformation-driven times. You become a part of the tech-savvy crowd in your industry sector, claiming that Industry 4.0-readiness brings about huge efficiency payoffs for your company. Industry 4.0 looks good and sounds good to business owners who want to boost annual sales and increase overall revenue. However, critical minds can't shake off that feeling that Industry 4.0 is much like a smooth operator, continually whispering "success is yours" in your ear, gently nudging you to make a move into a new way of industrialized manufacturing that will make you more successful. Can this smooth operator be trusted? Is the hype about huge efficiency payoffs justified?
Will Industry 4.0 really improve efficiency in your production plant? Will it really smarten up business processes? Or will companies only look smart because they are now part of the tech-savvy, digitally-interconnected crowd but not really win much? To answer these questions, we need to look at today's technological landscape and also at the much-talked-about developments concerning automated manufacturing, artificial intelligence, and robotics. Moreover, we need to take a look at how the digital transformation is changing businesses and work life — and we need to consider the impact Industry 4.0 innovations have around the world today.
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