6 Important Steps to Building a Successful Factory of the Future

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What is the factory of the future? Is it a synonym to Industry 4.0, or is it a different concept in its own right? Industry 4.0 and the factory of the future might sound similar, but they are different in some ways. To begin with, the factory of the future is an elusive concept that isn’t as common as Industry 4.0.

The factory of the future is meant to be your gateway to the future of AI and IoT. Through exploring my interest in the topic and as an Oracle ambassador, I had the opportunity to speak to Hans Michael Krause from Bosch Rexroth about the future of IoT systems. Michael, who is the Director of Product Management PLC and IoT systems, is an industry expert and knows quite a bit about the subject.

Talking to me Michael said that, ‘the factory of the future has elements of Industry 4.0, but it is integrally different from it. The factory of the future also talks about distributing your energy via inductive factory floor. It involves 5G connectivity and is much more than the bland digitization offered by Industry 4.0. The factory of the future also involves collaborative robots, which are counted as a ...


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