The i4.0 Baltics project focuses on small and medium size companies in the Baltic Sea region and their preparedness for the fourth industrial revolution.
According to the i4.0 Baltics project, many small and medium size companies in the Baltic Sea region are not prepared for the fourth industrial revolution, Industry 4.0 or i4.0, a development that implies full digitalization of industries. Many of these companies only operate locally. They lack the requisite specialist staff to prepare for the changes that Industry 4.0 will require, according to this project. Also, some of the companies have a skeptical attitude towards a technology strategy they are not familiar with.
The project wants to integrate these small and medium size companies into global value networks. The idea of is to create a network among leading companies, small and medium size companies and organizations in the Baltic Sea region. The network will serve to enhance the understanding of the implications and challenges of the fourth industrial revolution. Also, it will discuss strategies and methods to take advantage of the development. One activity is to find local i4.0 consultants in Estonia, Latvia and Lithuania. Moreover, the project will arrange factory visits in Sweden and hold a 2-day training in i4.0. As part of the project, the partners also cooperate with organisations in other countries not mentioned above.