Internet of things and industry 4.0

The Internet of Things and the future of manufacturing

Internet of Things, fourth industrial revolution or industry 4.0?

McKinsey interviewed Siegfried Dais, deputy chairman of the board of management Robert Bosch, and Heinz Derenbach, CEO of Bosch Software Innovations, which speak about the challenges and opportunities of applying the Internet of Things to product manufacturing.

There are opportunities in applying the lean concepts at a global scale, but also challenges in processing huge amounts of data.