The Fourth Industrial Revolution, 4IR, or Industry 4.0, outlines the rapid change to technology, industries, and societal processes in the 21st century due to increasing interconnectivity and smart automation. The term Industry 4.0 has been used widely in scientific literature and was popularized by Klaus Schwab in 2015, the World Economic Forum Founder and Executive Chairman. Schwab asserts that the changes seen are more than just improvements to efficiency, but express a significant shift in industrial capitalism.
Read our blog posts on Industry 4.0 to see how we are helping our customers leverage Industry 4.0 innovation to drive productivity and efficiency.
RTLS is an acronym for real-time location system, which identifies the current location of assets or people. RTLS doesn’t necessarily refer to a specific technology, but rather it is a solution that may be achieved through various technologies. RTLS can accurately locate and manage assets, inventory, or even people and help companies to make informed decisions based on collected location data.
RTLS is used across many industries with specific applications such as workforce optimization and automatic rostering. We’ve compiled some of the most important terms related to Real-Time Location Services (RTLS).
We have written a white paper 7 Technologies To Achieve Industry 4.0 Innovation, Today outlining critical technologies that manufacturing and warehousing companies can implement to drive innovation, improve efficiency, reduce costs and increase profits. Together with the white paper, we have included one of our successful customer case studies and a brief company overview.