Industry 4.0: The Hidden Truths Every CXO Must Know | The Next Big Thing Podcast

Industry 4.0 is revolutionizing how businesses operate. It’s a concept that promises enormous potential for growth, innovation, and competitiveness. Yet, the reality isn’t as seamless as it sounds. While many companies recognize the transformative power of Industry 4.0, implementation rates remain slower than expected, with challenges like cost, complexity, and misconceptions about its benefits holding organizations back.
In this episode of 'The Next Big Thing' podcast, we dive into the challenges, misconceptions, and game-changing strategies behind the adoption of Industry 4.0 technologies. Learn why many implementations fail, how AI is revolutionizing the industrial landscape, and what CXOs need to prioritize for successful transformation.

Timestamps -

00:00 Introduction
01:49 What is Industry 4.0?
03:55 Inhibitions about Industry 4.0
11:33 Why should Industry 4.0 be there on every CXO's agenda?
15:17 Industry 4.0 & resource management
17:39 Benefits of Industry 4.0
23:00 Investment, ROI & Timeline
29:33 Adoption of Industry 4.0
36:38 Steps to implement Industry 4.0
49:52 Inhibitions of implementing Industry 4.0
51:55 Metrics to consider while implementing Industry 4.0
52:34 Industry 4.0 for small industries
58:51 Forecasting use cases
1:00:10 AI & Industry 4.0
1:01:37 Will AI & Industry 4.0 take away jobs?
1:04:56 How is Harns helping partners in implementing Industry 4.0?
1:08:58 Industry 4.0: The Next Big Thing