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Cloud computing: Cloud computing is the вЂњgreat enablerвЂќ of Industry 4.0В and digital transformation.В TodayвЂ™s cloudВ technologyВ goes way beyondВ speed,В scalability,В storage, and cost efficiencies.

With horizontal integration,В processes areВ tightly integratedВ at the вЂњfield levelвЂќ вЂ“ on the production floor, across multipleВ production facilities, and across the entire supply chain.В With vertical integration,В all the layers of an organization are tied together вЂ“ and data flows freely from the shop floor to the top floorВ and back down again.В In other words, production is tightly integratedВ with businessВ processes like R&D, qualityВ assurance, sales and marketing, and other departments вЂ“ and data and knowledge silos are a thing of the past. Horizontal and vertical integration:В The backbone of Industry 4.0 is horizontalВ and verticalВ integration.Analytics powered by artificial intelligence (AI) and machine learning are applied to the data in real time вЂ“ and insights are leveraged to improve decision-making and automation in every area of supply chain management: supply chain planning, logistics management, manufacturing, R&D and engineering, enterprise asset management (EAM), and procurement. Big Data and AI analytics: In Industry 4.0, Big Data is collected from a wide range of sources, from factory equipment and Internet of Things (IoT) devices, to ERP and CRM systems, to weather and traffic apps.

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Businesses and supply chains already use some of these advanced technologies, but the full potential of Industry 4.0 comes to life when theyвЂ™re used together. These innovations bridge the physical and digital worlds and make smart and autonomous systems possible. Industry 4.0 is built on nine technology pillars. вЂњThe general definition of Industry 4.0 is the rise of digital industrial technology вЂ¦ Industry 4.0 transformations allow us to work alongside machines in new, highly productive ways.вЂќ Daniel Burrus Industry 4.0 technologies Ultimately, Industry 4.0 is a major part of any companyвЂ™s digital transformation. It inter-connects with back-end systems, like enterprise resource planning (ERP), to give companies an unprecedented level of visibility and control. But Industry 4.0 doesnвЂ™t stop at the supply chain. Industry 4.0 makes everything in your supply chain вЂњsmartвЂќ вЂ“ from smart manufacturing and factories to smart warehousing and logistics. Industry 4.0 is powered by the Industrial Internet of Things (IIoT) and cyber-physical systems вЂ“ smart, autonomous systems that use computer-based algorithms to monitor and control physical things like machinery, robots, and vehicles. We are now in the Fourth Industrial Revolution, aka Industry 4.0, which revolutionizes the automation, monitoring, and analysis of supply chains through smart technology. The reason they were called industrial вЂњrevolutionsвЂќ was because the innovation that drove them didnвЂ™t just improve productivity and efficiency a little bit вЂ“ it completely revolutionized how goods were produced and how work was done. Each was powered by a disruptive new technology: the mechanics of the steam engine, the innovation of the assembly line, and the speed of the computer. Since the 1800s, we have experienced three industrial revolutions. Governance, Risk, Compliance (GRC), and CybersecurityД®ngineering, Construction, and Operations Accounts Receivable, Billing and Revenue Management

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