One question I get a lot focuses on the difference between Industry 4.0 and the Internet of Things. “Aren’t they the same thing?” Well, they are and they aren’t. The Internet of Things is a construct by which objects are connected and made smarter. Industry 4.0 connotes the fourth Industrial Revolution, in which this interplay between digital technologies and the physical world is scaled to an industrial level to enable connected production, supply chains, business operations, and beyond. In essence, it’s a scaled up, amped up, industrialized version of the IoT—which is why Industry 4.0 is also known to some as the Industrial Internet of Things.
Posted by Michelle Drew Rodriguez
Research1 shows advanced manufacturing is more essential than ever to economic competitiveness and prosperity. But what is involved in driving, sustaining, and applying the innovation that makes a company or country a leader in advanced manufacturing? In this post, I’ll explore the drivers that make the US a leader in innovation. Research and development (R&D) certainly plays a role, but the real key may be an intangible one: the innovation ecosystem.