In this paper, the new challenges and opportunities the 4.0 industry offers are presented. It’s analyzed how Machine Learning and Artificial Intelligence augments any company’s competitivity, earnings, and efficiency. Examples within the document show how companies have successfully implemented AI technology and the astounding results they achieved. It is presented how AI technology eases companies into new fields of application and environments inaccessible for humans.
Entering the 4.0 industry is a winning strategy across all companies, and the paper focuses on the challenges this new field presents. It’s discussed how different sized companies should undertake diverse strategies to bridge the gap successfully.