The systems where wide, and not deep. But by now they want industry 4.0 - means they want intelligent behaving machines.
As in - material flow on fail rerouting, process controlling and self-adjusting, as in self checking for upcoming flaws. All parts are tracked over network, all guides to the machine have to be electronic.
And they want this with the conditions you described.
Is this in factory automation? I work in mining and everything is still very simple there, nothing more complex than a PID controller or speed ramps on some variable speed drives. I wish we could do some more advanced tuning, but the key criteria for anything we do is reliability, robustness (even in the face of sensor failures, everything is monitored and has manual overrides) and simplicity.
And they want this with the conditions you described.