Posts with tag: ‘industry 4.0’

For Hardware Entrepreneurs and Startups, What Opportunities and Benefits Do “Smart Manufacturing” and “Industry 4.0” Offer?

From the idea of interchangeable parts popularized in the United States by Eli Whitney for muskets and Henry Ford's mass production techniques to Japan's "kaizen" (continuous improvement) methodologies, and techniques like LEAN and AGILE, manufacturers are always on the lookout for ways to improve – increase yields, shorten raw-materials-to-finished-product times, reduce waste, and more.

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What Industry 4.0 means for you

Industry! The term evokes vivid images of long assembly lines, factory floors rife with robotic automation, and perhaps even big men putting screwdrivers into things. Creatively append a version number at the end of this well-established piece of vocabulary, however, and suddenly that crystallized mental image falters somewhat, derailed with the introduced ambiguity of a new manufacturing initiative. What precisely is Industry 4.0? More importantly, why should you care? And, most importantly, why the decimal? Are there industry point releases in the wings?

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