In this second article of the series, we take a look at internal hardware systems.
Industry 4.0 also known as the Fourth Industrial Revolution or sometimes also referred to as The Industrial Internet of Things or IoT. The benefits of a connected supply chain are significant, not just in the reduction of production costs, but also in the return it brings to the entire value chain. Practically speaking you need to capture, process, control and communicate the data bidirectionally in order for it to work optimally. So, let’s take a look at what that means. If we look at the various processes in your plant, we can break them into three main components: hardware, software and labor (as well as combinations of all).