The automotive industry is currently facing its perhaps most significant change since the beginning of its history. At the same time, digitalization is revolutionizing production at a rapid speed. How can automotive manufacturers take the path to Industry 4.0 and how can they remain competitive?
Automotive industry 4.0 – Digitalization in the Automotive industry
Digitalization is changing the industry
Digitalization is a development that has actually accompanied us for quite some time. But it is only now that major changes are taking place. Artificial intelligence and the Internet of Things (IoT) will also affect intelligence in production. Production facilities will be able to think and continually improve independently, thanks to intelligent production facilities with systems capable of learning.
Competitive regardless of rapid change
The changes are affecting the automotive industry with increased competitive pressure and demand for innovation. And, it is exactly these possibilities of digitalization that can help establish more rapid innovation cycles and increased flexibility in production.
Industry 4.0 and the transition that is taking place in the automotive industry is sure to bring its challenges, but with it, manufacturers will gain huge opportunities. You can find out more about it in this interview with futurologist, Lars Thomson.