Procurement Software Blog

Marvel and DC have a novel way to predict what our near future would look like in 2050 and beyond. Let’s consider the work of Stark Industries and Wayne Enterprises. Both are technology organizations — one develops and manufactures advanced weapon and defense technologies, and the other is a military defense contractor that has dozens of umbrella companies involved across multiple sectors.

Industry 4.0 is what I call an “industry on juice.” A new emerging smart industry that would reshape industrial trends and technologies. Management gurus have been taking a shot at defining Industry 4.0 in different ways, and mostly, they have been accurate. Now, if we are taking a step beyond generic definitions, it should lead us to the application and implementation of a smart industry. This I believe can bring about, or in some cases, has already brought about a paradigm change in the way industries operate.