Tag "Industry 4.0"

The Lean and Mean Trap

Have you ever heard of “the lean and mean trap”? Last month I visited a company that manufactures specialty chemicals. We initially discussed the market conditions and the current economic situation of the company. I was not surprised to hear

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Ready to take off? Study Leadership and Industry 4.0 – Part One

According to the recently published study “Success personified in the fourth industrial revolution” by consulting firm Deloitte, the context between leadership and industry 4.0 is explored. Companies feel only moderately prepared for the fourth industrial revolution. The study surveyed more

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The Significance of Industry 4.0 for the Process Industry- Part Two

In the first part of the series, I explored the meaning and advantages of Industry 4.0. Yokogawa is active in a very special industry, the process industry. The process industries are those industries where the primary production processes are either

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Industry 4.0 for Dummies – Part One

Process industry, automation solutions and Industry 4.0 – absolutely new technical terms for me as an industry newcomer. Having worked for a consumer goods and pharmaceutical manufacturer for years, I am used to physical products. Creams, body lotions, mouthwashes, and

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