Digitization, Industry 4.0 and the Industrial Internet of Things (IIOT) are buzzwords we hear quite often today. What do they mean for the wire processing industry? How will digitization affect our business, and how will we measure our performance?
Industry 4.0 means complete connectivity throughout the manufacturing enterprise, from corporate levels down to the machine level and throughout the complete supply chain. As a result, manufacturing will change significantly in the future. We’ll be able to gather real-time data on our production as well as vendor deliveries and customer requirements.