While the concept of Industry 4.0, or the fourth industrial revolution (4IR), has been around for years, it’s gaining more momentum as technologies continue to advance and mature. One study projects the Industry 4.0 market to surpass $482bn by 2032, up from $77bn in 2022. So, what does this mean for the smart factory? Antti Kautovaara, Partner, and Teodor Stanilov, Principal, at Kearney explain.
The 2023 Smart Factory Expo in Birmingham, UK, provides a window into this growth. Billed as the UK’s premier manufacturing conference, this year’s event attracted more than 6,000 attendees from 300 organisations. It featured a wide range of digital manufacturing solutions providers, as well as educational sessions on the latest best practices and strategies. Kearney…
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