Industry 4.0 Challenges – Part 3
In today’s post we’ll look at some of the Industry 4.0 challenges and risks presented by adopting it, to contrast with the benefits that we looked at in part two. Before adopting any strategy in this area, you should understand these challenges and see how they apply to your own business. Cost of Industry 4.0 Adoption In part two we made the case that Industry 4.0 adoption will lead to lower costs over time and observed that the return on investment time for adopters was decreasing. Neither of these points eliminate the very real cost impact of adoption. There are significant costs, from replacing equipment with modern IoT connected options, … Read more