We've identified five steps involved in the transformation to Industry 4.0 operation, but the starting point is collecting data—both structured and unstructured—from all kinds of sources.

Traditional cost accounting targets the cost of goods sold, or COGS. It factors everything into those costs, including overhead -- for example, advertising and the cost of running a company cafeteria.

Visual AI: Five Steps to Greater Profitability in Manufacturing. Manufacturers today rely on everything from Scada and sensor data to insights from repair orders and equipment bulletins.

By working through the following five steps, manufacturers can do their part to work toward this goal. 1. Hire employees for their minds—not just their hands—and make use of their knowledge.

The adoption of Industry 4.0 technology in manufacturing and distribution (M&D) remains a heated debate for many. Referring to the digital transformation of the M&D space, Industry 4.0 technology ...