How Servitization Can Extend Manufacturers' Horizons - Internet of Things

Digital transformation, connected customers and increasingly hyperconnected business ecosystems are transforming manufacturing as we know it. Driving these changes is the fourth industrial revolution, also known as Industry 4.0. This new paradigm in manufacturing, which comprises technologies like cloud computing, data analytics, artificial intelligence, connected robotics and the Industrial Internet of Things (IIoT), is helping manufacturers enhance efficiencies, collaboration and supply chain partnerships. It's one reason why UK manufacturers recently reported the second-highest level of optimism in nearly a decade, according to The Manufacturer's Annual Manufacturing Report. Microsoft has partnered with The Manufacturer on a new whitepaper detailing how manufacturers are embracing Industry 4.0 and the IIoT to take advantage of cloud-based technologies to ingest and analyze huge volumes of machine-generated data and implement autonomous systems that can turn data into actionable information.