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