Overcome barriers, set priorities, and take cautious steps forward
Industry 4.0, smart factories, digitalization, and the Internet of Things (IoT) are all hot topics in the manufacturing sector, generating considerable buzz—and even some consternation. These disruptive technologies are exciting, offering opportunities ranging from innovative R&D to digital supply networks. But with this excitement also comes complexity, which can easily seem overwhelming. And for cash-light enterprises that struggled through the Great Recession, the pressure to adopt multiple new technologies can appear to be beyond their means and feel too risky.