Industry 4.0: 2 basic questions

By Dr. Alin Posteucă

There is much to say about Industry 4.0 (cyber physical production systems).

But two basic questions on Industry 4.0 are required:

1) Is Industry 4.0 the solution proposed for this crisis?

If we look at the previous evolution, it seems that yes (Industry 1.0 of the 18th century – the solution for the crisis of the 18th century, Industry 2.0 from the beginning of the 20th century – the solution for the crisis in ’29 -’33, Industry 3.0 of the 70s – the oil crisis solution). Is Industry 4.0 a kind of energy of the future? and

2) Is the society as a whole ready for this long-term solution?

More details on LinkedIn.

Dr. Alin Posteucă is the founder and CEO of Exegens®, a global consulting firm specializing in operational excellence, cost improvement and business performance improvement. He helps his customers create and implement profitable strategies and cost improvement programs that ensure a unit cost improvement of at least 6% per year for each of the next 5 years by maximizing the efficiency and effectiveness of operations.

He is the author of the Manufacturing Cost Policy Deployment (MCPD) concept published in three books at Productivity Press - Routledge/CRC. The latest, Manufacturing Cost Policy Deployment (MCPD) Profitability Scenarios, centers on his core belief that annual and multiannual target profit can be achieved regardless of the evolution of sales volumes, increasing or decreasing.