The application of Industry 4.0 concepts and its suite of buzzwords such as ‘IoT’, ‘Digital Transformation’ and ‘Big Data’ presents challenges to a range of industries, including cement. What can cement producers expect and where do they start their journey into Industry 4.0? By Tom Dannemiller and Abhinandan Sheshadri, Sabia Inc, USA.
As leading-edge companies in many industries expect to invest heavily in Industry 4.0 technologies in the next few years, the concept of Industry 4.0 is more than just ‘The Next Big Thing’. Price Waterhouse Coopers (PwC) conducted an industry survey showing early adopters are planning to extract US$429bn in cost savings using Industry 4.0 Technologies in the next two years.
