INDUSTRY X . 0
WHAT IS INDUSTRY 4 . O
AND WHY BUSINESSES SHOULD MOVE TOWARDS IT ?
Industry 4.0 takes digital transformation to a whole new level in the mining sector as industry leaders adopt new mining technologies
WRITTEN BY : TANMAY PATANGE
The concept of digital transformation has been around for quite a while now . Organisations are starting to see the great potential that technological advancement and adoption presents to their ambitions of achieving business-wide transformation and development . And , now , as a result , many are making considerable investments in a wide variety of state-ofthe-art technologies to create a more agile , effective , efficient , yet robust system .
With the advent of digital transformation , the fourth industrial revolution has emerged , also known as Industry 4.0 . Industry 4.0 takes the impact of digital technology to a new level with the assistance of interconnectivity through the Internet of Things ( IoT ), access to real-time information , and the presentation of cyber-physical systems . Industry 4.0 is defined by versatility , flexibility and effectiveness that covers customers ' needs in the genuine market . Truth be told , industry 4.0 utilises digital technologies to respond quickly to market changes , offer more personalised products and services , and improve operational efficiency .
62 September 2021