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Ilika plc

Industry 4.0 clearly explained

Industry 4.0 is often understood as a keyword for the development of the entire industry in the context of digitisation. But the term is much more complex than that.

First of all, it is important to note that in the context of digitisation and automation, terms such as networking and platform-based work also need to become much more prominent. There is no denying that much of the industry will change massively in the coming years and decades. But to what extent this will happen can already be clearly defined in parts today. And in precisely this context the term Industry 4.0 was used for the first time.

Industry 4.0: A general definition

Even if Industry 4.0 has become a certain buzzword, far too few people, including many decision-makers at company level, can clearly define it. The term Industry 4.0 basically refers to the intelligent and permanent linking and networking of machines and machine-operated processes in industry.

 

Ilika plc (LON:IKA) is a pioneer in materials innovation and has been inventing new materials for energy and electronics applications for over a decade. Global brands such as Rolls Royce and Toyota have long term collaborations with Ilika’s development teams.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.