Industry 4.0 – Shape Future Innovations
Today, Technology plays an important role in many areas of our lives. It has made it possible for information access to be faster and faster, producing a transformation in the way we consume and relate with data. Business environment is getting more involved in this constant technological evolution. The industrial sector has been incorporating gradually greater uses of automation and connectivity.
The concept of Industry 4.0 refers to some aspects that you have surely heard like Fourth Industrial Revolution, Smart Industry, Interconnected Industry or Cyber Industry. All these definitions refer to the use of technologies to make the manufacturing process more agile, flexible and noticeable to customers.
But surely you are interested in knowing what a fourth industry revolution entails, what its benefits are and how you can implement it in your business.
The Four Industrial Revolutions
Mechanization and the introduction of stream and water power
Mass production assembly lines using electrical power
Automated production computers. IT-systems and robotics
The smart factory autonomous systems, IoT, machine learning
The concept of industry 4.0 refers to the so-called fourth industrial revolution. This involves the digital transformation of the industry with the integration and digitalization of all the industrial processes that make up the value chain, characterized by its adaptability, flexibility and efficiency that allows to cover customer’s needs in the current market.
Industry 4.0 represents a qualitative leap in the organization and control of the entire chain value throughout the life-cycle of the manufacture and delivery of the product.
Industry 4.0 represents the ways in which smart, connected technology would become embedded within organizations. Industry 4.0 in manufacturing industry is marked by the materialization of various capabilities such as Artificial Intelligence and Cognitive Technologies, Robotics, Analytics, Nanotechnology, Quantum Computing, Wearables, the Internet of Things, Additive Manufacturing, and advanced materials.
Principles of Industry 4.0
Benefits of Industry 4.0
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