CIMdata Releases White Paper on Industry 4.0
ANN ARBOR, MI, USA, Jan 24, 2019 – CIMdata, Inc., the leading global PLM strategic management consulting and research firm announces the release of a white paper focused on Industry 4.0, a German-defined initiative that has been taken up in countries around the world.
The Industrie 4.0 initiative started in 2006 as one point in a 10-point high-tech German strategic plan and has consistently promoted the Internet of Things and services since then. Their effort recognized the importance of social platforms, mobile, analytics, cloud, and the Internet of Things (IoT) to the future of manufacturing and global commerce. The core design principles of Industry 4.0 are interoperability, information transparency (including the notion of the digital twin), technical assistance (augmenting humans in analysis and physical work), and decentralized decision making. Some talk about Industry 4.0 as the convergence of information technology (IT) and operation technology (OT), a bridging of digital and physical realms to create cyber-physical production systems enabled by the Industrial Internet of Things (IIoT).
Countries around the world have responded to this vision, building their own programs to advance their societies. This paper offers an overview of the responses in five major global economies in which CIMdata delivers its annual PLM Market & Industry Forum: The United States, Germany, India, China, and Japan. Each country is pursuing the Industry 4.0 vision with a strategy unique to their situation. CIMdata believes that Industry 4.0 and the digitalization trend sweeping business are really two sides of the same coin. Further, manufacturing companies pursuing these strategies need to have strong PLM practices and enabling technologies to profitably serve markets of one. As witnessed in our global PLM market research, this wave can provide a huge opportunity for the PLM Economy.