According to a 2019 World Economic Forum and McKinsey study, while 70% of companies believe Industry 4.0 is critical to their future, only 15% have a plan. So, why the
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Canadian and provincial governments are stepping up to provide grant funding for digital transformation projects across manufacturing sectors. The grant programs oftentimes cover technology assessment, Industry 4.0, business process improvement,
Does unplanned equipment downtime cause your maintenance team to scramble? How much do unexpected outages cost your company? What’s the value of delayed or canceled customer orders? According to a
In 2019, the World Economic Forum and McKinsey & Co. released a whitepaper that describes two ways that Industry 4.0 will transform business. First, implementation of Industry 4.0 capabilities will
Industry 4.0 – or the fourth industrial revolution – refers to a cyber-physical environment that self-optimizes. The system collects data, creates its own analytical models, makes decisions and optimizes the
