The world has never moved faster. The pace of changes driven by technology and digitization has taken the business landscape by storm. We are living in what is touted as the Fourth Industrial Revolution or Industry 4.0. And, businesses will need to adapt now to compete and grow.  

A fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.” Specifically, large-scale digitization, cloud computing, big data, the Internet of Things (IoT), Artificial Intelligence (AI), and machine learning are at the forefront of this transformation. While this new phase is driven by hyperconnectivity, automation, and real-time data, it’s not just about investing in new technology and tools to improve business efficiency. It’s about revolutionizing every aspect of a business, its operation, and its growth. As such, the benefits of introducing Industry 4.0 technologies.

Nearly every organization today is faced with the challenge to do more with their data. Industry 4.0 is not only allowing businesses to unlock the most value from their data but also helping them become more agile, flexible, and responsive to customers by leveraging digital technologies. A survey revealed that nearly 60 percent of entrepreneurs who have adopted Industry 4.0 technologies say it has boosted their productivity and capacity to predict and prevent downtime.

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