Overall equipment effectiveness: is it still relevant in the industry 4.0 era?
Industry 4.0 builds upon the enterprise-wide automation stack (that characterized Industry 3.0), focusing on integrating more (and newer) technologies, like IIoT and data science, into the production environment. The goal is to blur the chasm between the physical (Operational Technology) and the digital (Information Technology) world - creating a fully connected, integrated, data-driven, and autonomous digital factory.
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