What is Industry 4.0?
Industry 4.0 combines the strengths of traditional industries with cutting edge internet technologies. It embraces a set of technologies enabling smart products integrated into intertwined digital and physical processes. Therefore, many companies face the challenge to assess the diversity of developments and concepts summarized under the term industry 4.0 and to develop their own corporate strategies emerges. To support this, the paper presents the result of a study on the potential of industry 4.0. The use of current technologies like big data or cloud-computing are drivers for the individual potential of use of Industry 4.0. Furthermore mass customization as well as the use of idle data and production time improvement are strong influence factors to the potential of Industry 4.0. On the other hand business process complexity has a negative influence.
