Industry 4.0, or just i4.0, is still a relatively new term that refers to the so-called Fourth Industrial Revolution – mechanization, mass production, and the computer age account for revolutions 1, 2 & 3. On the other hand, the Industrial Internet of Things (IIoT) refers to sensor data, machine communications, and industrial automation systems that wirelessly connect to internal networks and the internet. IIoT specifically focuses on the technology, components, and infrastructure while Industry 4.0 looks at how to leverage the entire digital change of the industry.
This white paper shows how a PM strategy and proper adoption of i4.0 & IIoT can give organizations the edge over your competitors.