The Internet of Things is finding its way into production. Machine-to-machine communication revolutionizes factories by decentralized control. Products with embedded digital memories guide themselves through the future’s smart factories. This generates low-volume, high-mix production in a cost-efficient way.
One of 10 “Future Projects” identified by the German federal government as part of its High-Tech Strategy 2020, the “Industry 4.0” project represents a major opportunity for Germany to establish itself as future industry lead market and integrated provider. Since on-demand-production of highly individualized products requires short logistic chains, production is guaranteed to remain the backbone of Germany’s economic performance. “Industry 4.0” is a strategic initiative to take up a pioneering role in industrial ICT which is currently revolutionizing the manufacturing and engineering sector. The strategy will allow Germany to stay a globally competitive high-wage economy.
As “Industry 4.0” also means repatriation of production from Eastern Asian markets back to Europe, it offers plenty of potential for neighbouring countries. Lithuania with its strong engineering and machinery proficiency could become one of the biggest beneficiaries of this current development.
Following a bilateral Conference on “Industry 4.0” on May 19th 2016 in Vilnius, different partners have formed have formed Lithuanian working group "Pramonė 4.0". The group consists of The German-Baltic Chamber of Commerce, Lithuanian Engineering Association LINPRA, Lithuanian IT-association Info BALT, the Lithuanian Confederation of Industrialists LPK, Universities as well as other stakeholders and is supported by various Lithuanian ministries.