Northern Future of Robotics — our response to the challenges of Industry 4.0

Morgan Stanley analysts compiled their first report on the Industrial Revolution in July 2018. In it, they calculated that this trend would lead to an additional $1.6 trillion in annual IT investment over the next decade. This represents 40% of manufacturing investment and is expected to produce a productivity gain equivalent to 5% of global GDP.

Now, just over a year later, the pace of change has already exceeded their expectations. Industrial companies are investing more in digital-era technologies and placing them at the center of their growth strategy.

"We are surprised by the investment leadership shown by industrial companies, where investment and M&A activity focused on new technologies is outpacing every other sector," says Katy Huberty, head of hardware technology research at Morgan Stanley. She noted that manufacturing companies have accounted for the fastest growth in investment over the past two years.

Northern Future of Robotics (NFRobo) works on the automation and optimization of industrial robots using artificial intelligence and stands at the forefront of the Fourth Industrial Revolution. Manufacturers, if they have not already done so, are compelled to automate their production processes. This is one of the first and most important steps for operating under Industry 4.0. NFRobo will make it possible to reduce production costs, optimize warehouse capacity, and improve the quality of work with potential customers.

Industry 4.0 is still only gaining momentum, so manufacturers still have time to review their existing schemes, as well as their technological and logistics solutions. There is also still time to procure new equipment and train personnel. However, action needs to begin now.