Japan is one country in the region that is known for producing quality products for the machine tool sector. To keep this momentum going further and to stay ahead of its global competitors, the Japanese government is promoting the concept of ‘Connected Industry’ for the future of the country’s industries. Through the Connected Industry initiative, the government has also collaborated with the private industry to encourage the usage of Industry 4.0 and IoT among its domestic players. The government also intends to figure out different measures for the development of IoT in its shop floors.
Some of the major Japanese players offering Industry 4.0 solutions include Yamazaki Mazak Corporation, DMG Mori Seiki Co., Fanuc, and many others. The importance of Industry 4.0 and IoT in the Japanese market can be understood by a report by the Ministry of Economy, Trade and Industry (METI). It states that Japan aims to identify and overcome any and all systemic challenges to the society by taking advantage of technological innovations, including IoT, big data, artificial intelligence (AI), and robots; direct such achievements toward Japan’s economic growth, and achieve a more affluent society that each and every person can enjoy.