Manufacturing is experiencing a digital revolution. With the technologies driving Industry 4.0 – IIoT, AI, and cloud at the forefront – manufacturing has reached a critical tipping point. Manufacturers need to either embrace the digital transformation of their operations and processes now or fall behind their competitors. A PWC study predicts that manufacturers will spend upwards of $70 billion by 2020 on technology to meet the demands of Industry 4.0. They will be adding systems that will improve the factory’s manufacturing intelligence (MI).
Manufacturing Intelligence: How Manufacturing and Business Operations Are Changing