Industry 4.0

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

1784

Industry 1.0

Mechanization and the introduction of stream and water power

1870

Industry 2.0

Mass production assembly lines using electrical power

1969

Industry 3.0

Automated production computers. IT-systems and robotics

Today

Industry 4.0

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

Interoperability

The communication ability of all the elements of the factory, cyber-physical systems, robots, corporate information systems, smart products and the people, as well as third-part systems.

Decentralization

The capacity for the design of autonomous sub-processes within the factory with cyber-physical elements with the capacity to make decisions autonomously.

Real-time analytics

The ability to collect and analyze large amounts of data (Big Data) that allow the monitoring, control and optimization of processes, facilitating any result and decision derived from the process immediately and at every moment.

Virtualization

The ability to generate a virtual copy of the fabric by collecting data and the modelling industrial processes (physical), obtaining virtual plant models and simulation models.

Service orientation

The ability to transfer the new value generated to the customer in the form of new services or improved services with the exploitation of new disruptive business models.

Modularity and Scalability

The flexibility and elasticity to adapt to the needs of industry and business at all times, with the ability to scale the technical capacity of the system in accordance with the technical requirements required by the evolution of business demand in each case.