Three key principles guide Industry 4.0 value . capture at scale: — Think value-backward, not technology- forward. A focus on key value drivers and a compelling Industry 4.0 vision are crucial. — Be people centric, not tool centric. Backed by top-management support, Industry 4.0 trans - formations need to focus on capability building. Industry 4.0 is the realization of digital transformation in the field, delivering real-time decision making, enhanced productivity, flexibility and agility.. Combine data gathered through the IIoT to develop predictive maintenance capabilities and drive collaboration between key manufacturing personnel.

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Industry 4.0 (I4) is a term that has been widely adopted to describe what many consider to be the Fourth Industrial Revolution, the emergence of cyber physical systems to enable automated manufacturing in smart factories (Lasi et al., 2014; Lee et al., 2015), which is expected to have significant implications for future 'investment, consumption, growth, employment, and trade' (Piccarozzi.. Industry 4.0 Technology as a Driver of Change Many definitions of Industry 4.0 privilege specific technological advancements. In these definitions, the authors point to the emergence of business use-cases for technologies such as artificial intelligence, big data, Internet of Things integration, ubiquitous internet connectivity, 3D printing, and cyber-physical systems.