The 2019 MPI Internet of Things Study
The Internet of Things, the Industrial Internet of Things, Industry 4.0—some will argue they’re all the same thing.
There is, however, an important distinction: While the Internet of Things is a critical enabler of the connectivity that underpins Industry 4.0, it is one of multiple disruptive technologies powering the next revolution in manufacturing. Industry 4.0 refers more broadly to the blurring of the line between the digital and physical worlds, bringing together plants, processes, products and people in entirely new ways.
Though this survey focuses primarily on IoT enablement, you cannot talk about IoT without Industry 4.0. Embedding sensors in machines opens up a whole new world of information – but that information is only as valuable as the ability to use it. Applying analytics to extract insights is just the start – which is where the broader universe of Industry 4.0 comes into play.
Manufacturers that build out their IoT strategy in the context of Industry 4.0 potential will ultimately be better equipped to compete in manufacturing’s digitized future.
Read on to learn how the industry is taking on the IoT and gearing up for the Industry 4.0 opportunity.
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