The topic of digitization is characterized mainly by confusion. The variety of different technological solutions, fast living trends, conflicting interests, industry specific requirements and last but not least the enormous economic potential drive especially the big market participants to position themselves. This can be accepted as a standard market behaviour and one should therefore focus on his own targets. Only after the new business model has been thoroughly defined it makes sense to look on the enabling technology – all technical solutions are ready and available!
Digitization: Make information and events digitally processable, to an extend not seen before
Industry 4.0: Intelligent connection of product development, manufacturing, logistics and customer
Big Data: Mass data in the dimensions of volume, velocity and variety which cannot be processed manually or with traditional data technology