There is a seismic shift happening in the manufacturing industry as it advances towards Industry 4.0, according to a new report by Ericsson.
The telecommunications technology company recently launched its Connected Manufacturing report, which explores challenges the industry is up against and how smart solutions will be “key in helping manufacturers gearing up for Industry 4.0”.
Specifically, the report offers a deep-dive analysis of five high-value use cases and technologies that address the most imminent points in the industry.
Individually these use cases all create a healthy return on investment and streamline operations for factory owners. However, when all five are deployed and working together, their combined ROI will reach 116 percent by year five.
It will also create a system that is more agile, reliable and efficient.
Key use cases detailed in the report include:
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