Industry 4.0

Industry 4.0 is a global movement or only happening within India?


Let us look at General Electric’s vice chairman comment that ‘We have seen what happens when 3 billion people get connected, next we are going to see what happens when 20 billion machines are connected’, this explains the fundamental change in business conduct in forthcoming days. The true power Industry 4.0 can be harnessed once we bring the higher number of devices and people into the ambit, this inevitably leads to stakeholders across countries.

It is a global movement strongly supported by local governments with billions of dollars investment. Developed or developing economies, no roadblocks are affecting the government’s staunch support for Industry 4.0 movement? Let us see the data now.

Industry 4.0 is called in various terms across the world - ‘Factories of the Future’ in Europe, ‘Industrial Internet’ in the USA, and ‘Internet +’ in China (Mrugalska and Wyrwicka, 2017).

Brazil, the powerful South American country started the national level Industry 4.0 movement through the Brazilian National Confederation of Industry (2016) and promoting Industry 4.0 among Brazilian companies. Mexico, a North American country has embarked national level Industry 4.0 policy to become a leader in this field. The Indian federal government introduced a national level Industry 4.0 to position India in the main steam (Forbes India, 2016). Few other examples are ‘Production 2030’ in Sweden, ‘Industria Conectada 4.0’ in Spain, the ‘Industry Connected 4.0’ in the USA, and ‘Manufacturing Innovation 3.0’ in South Korea (Kiel et al., 2017).

What do you think when you notice counties from all continents? Industry 4.0 is a global movement!! Hope we are on the same page