Brett Parker Sap

Brett Parker SAP ‘s Former CEO explains how everywhere you look you see how the world has evolved with mobile phones, computers, ipad, AI, robots, genetic engineering, and so many inventions that come out every day. These inventions and gadgets are part of our everyday in life and they happen every second. There is a new company with a new app or gadget ready to make people’s life easier.

Industry 4.0 refers to a new phase in the industrial revolution that focuses heavily on interconnectivity, automation, automated learning and real-time data. Industry 4.0, also known as IIoT or smart manufacturing, integrates production and physical operations with smart digital technology, automated learning and big data to create a more holistic and better connected ecosystem for companies that focus on manufacturing and managing Supply Chain. While every company and organization that operates today is different, they all face the same challenge — the need for connectivity and access to real-time information on all processes, partners, products and people.

The fourth industrial revolution, or Industry 4.0
In recent decades, a fourth industrial revolution has emerged, known as Industry 4.0. Industry 4.0 emphasizes digital technology in recent decades and takes it to a whole new level with the help of interconnectivity through the Internet of Things (IoT), access to real-time data and the introduction of cyberphysical systems. Industry 4.0 offers a more comprehensive, interrelated and holistic approach to manufacturing. It connects the physical with the digital and allows better collaboration and access for all departments, partners, suppliers, products and people. Industry 4.0 empowers business owners to better control and understand every aspect of their operation and allows them to take advantage of instant data to increase productivity, improve processes and boost growth.