Industry 4.0 is underway. Data analytics, augmented reality, generative design, artificial intelligence, cobots, additive manufacturing and other technologies are already helping manufacturers increase efficiency, reduce downtime, lower prices, differentiate themselves in the marketplace, and improve service, delivery and quality. And there’s more to come.
These technologies are not science fiction. They are being applied right now by manufacturers, large and small, in a variety of industries. That much is clear from the results of the annual Indiana Manufacturing Survey conducted by the Indiana Manufacturers Association, the Indiana University Kelley School of Business, and the accounting firm of Katz, Sapper and Miller.