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Industry 4.0, as the German government coined the current trend of automation and data exchange in manufacturing technology, creates what has been termed “smart factories”. The term represents the digital transition in manufacturing from embedded toward cyber-physical systems. With Industry 4.0, production shifts from a centralized to a decentralized model, symbolizing an impactful reversal of the traditional approach.
With connectivity and smart devices providing the foundation, disruptive innovation areas ranging from 3D printing to advanced robotics and predictive analytics have made the shift toward Industry 4.0 all but reversible. With a market value of €185 billion by 2022, companies addressing the emerging opportunities imminently are acting prudently.
As innovation is our business, cutting-edge startups are the focus of our attention. At StartUs Insights, we conducted a detailed analysis of 12.500 startups and consequently discovered several innovation areas that deeply impact Industry 4.0. To shed light on the application and potential of the most disruptive of these technologies, we decided to outline the six most dominant innovation areas that influence the entire industry.