The Fourth Industrial Revolution – Powerhouse Economies Staying Ahead of the Game

The German Federal Ministry of Education and Research supported initiative Industry 4.0 received it’s final report and recommendations way back in October of 2012.  This initiative focuses on so called “Smart Factories” which have intelligent production systems and processes that make use of the most up to date internet technologies.  An industry-research alliance now supports this initiative and will drive the advancement of such technologies in the German economy.  This initiative is clearly aimed at maintaining German manufacturers as leaders in their global fields.

Project of the Future: Industry 4.0

Industry is on the threshold of the fourth industrial revolution. Driven by the Internet, the real and virtual worlds are growing closer and closer together to form the Internet of Things. Industrial production of the future will be characterized by the strong individualization of products under the conditions of highly flexible (large series) production, the extensive integration of customers and business partners in business and value-added processes, and the linking of production and high-quality services leading to so-called hybrid products. German industry now has the opportunity to actively shape the fourth industrial revolution. We want to support this process with the “Industry 4.0” forward-looking project.
http://www.bmbf.de/en/19955.php

Of course, German industry has long been at the forefront of innovation.  Here is a great example of how such a system has been implemented in a way that allows custom vehicle production in combination with a creative approach to production:

 

[youtube height=”435″ width=”580″]https://www.youtube.com/watch?feature=player_embedded&v=nd5WGLWNllA[/youtube]

 

The Industry 4.0 project is guiding the way for German industry to utilize the advances in internet technology to keep at the leading edge of production efficiencies, product quality and innovation.  Other industrial powerhouses like Japan and China are taking notice!

Image Source: Infographic

Insights by: Jürgen Strauss

Jürgen

Jürgen is the chief innovator and founder of Innovabiz who partner with innovative, exceptional business coaches to enable you to acquire more leads and more business by reaching your ideal target prospects with your message, so that you will achieve growth and be able to make a difference to more ideal clients. You can find Jürgen on LinkedIn, as well as on Innovabiz' Twitter, Facebook and Google+ Pages.

Leave a Comment





Can we help? - 10 min Zoom Call

Want to start a project?

X