The impact of digitization in the industry’s economy

Technological advances in manufacturing are undoubtedly shifting the economic landscape and shaping the future of our industry.

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Nearly everything we interact with is connected to the internet. This connectivity is spurring a widespread digital transformation. From our phones to our appliances and the machines that fabricate them, today’s level of connectivity was unimaginable a decade ago.

Digital Twins, or when we used to refer to the first model as a prototype

The prototype’s days are numbered. Yes, I know, it’s a hackneyed phrase, but this is the reality facing us thanks to the new possibilities Industry 4.0 has on offer. Nowadays there are software solutions able to generate a virtual design of a product or process we wish to test, thereby reducing labor hours and investment substantially.