INDUSRTY 4.0: New phase in the Industrial revolution.

 

“The general definition of Industry 4.0 is the rise of digital industrial technology … Industry 4.0 transformations allow us to work alongside machines in new, highly productive ways”. –Daniel Burrus

 

Industry 4.0 commonly referred as The Fourth industrial Revolution a current trend of automation and data exchange in manufacturing Industries which is also associated with Cyber physical system. Industry 4.0 comes from the German term ‘Industrie 4.0’.We see smart factories with connected machines and, Intelligent Robots But the question is how do we get there? The First Revolution happened between late 1700s and early 1800s which was related to mechanization, waterpower and steam power. Then later Electricity arrived and the next Industrial gave us mass production, assembly line, the real start of Industries automation. After another hundred years later when the computer arrives which allowed us to automate blue-collar work in Industries. Then comes Intelligent Factories with new technologies portraying new Industrial Revolution related to Cyber physical system where we have Internet of things, smart machines with sensors connected and communicating with each other in result radically transforming the way we live and work. Today, we are in the middle of Industry 4.0, another new phase in the Industrial revolution that focuses on automation, machine learning and real time data and Cobots.

What are Industries 4.0 Technologies?

-The Internet of things (IOT)

– The Industrial Internet of things (IIOT)

– Cyber Physical System (CPS)

– Smart Manufacture

– Smart Factories

– Cloud Computing

– Cognitive Computing

– Artificial Intelligence

Benefits of industries 4.0:

• Intelligent Products: These are developed connected and self-aware products that are capable of sharing Information that can help you improve everything from product quality to customer service, anticipating in service-based business model.
• Intelligent Factories: Factory 4.0 aka smart factories are self-correcting, employing smart manufacturing processes which make deliver customized products cost efficiently.
• Intelligent Assets: With Intelligent assets with built in sensors can monitor assets performance in real time and can prevent downtime by employing predictive maintenance.
• Empowered People: It can empower people with technologies like AI enabling them to take quick decisions and handle issues as they emerge.

Are Companies facing benefits?

The answer is yes, companies are experiencing radical improvement in productivity and automation, Resiliency and agility, exploring new business models and grabbing opportunities quickly. Industry 4.0 is helping thousand of companies transforming their digital supply chain of entire organization.

 Source: (https://www.sap.com/india/insights/what-is-industry-4-0.html)

 

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