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Investigation Into The Economic Viability Of Industry 4.0 Practices In A Small Start-Up Setting: A Case Study, Joseph Lindley Dec 2022

Investigation Into The Economic Viability Of Industry 4.0 Practices In A Small Start-Up Setting: A Case Study, Joseph Lindley

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Industry 4.0 has been a hot button topic since the first rumouringâ??s of a fourth industrial revolution taking place in the early 2010s. Since that time many companies have attempted to transform their process, procedures, and systems to become streamlined, efficient, and overall, more profitable. An example of this can be seen in companies such as Microsoft and IBM, Mitsubishi and Siemens who have gained a stronger foothold in their respective markets by their efficient implementation of Industry 4.0. Before we can address how small start-up companies can begin to compete with these behemoths, we must address the question; what …