What is Industry 4.0?
Industry 4.0 (sometimes referred to as the fourth industrial revolution) is the move towards digitisation of the manufacturing sector. Manufacturing technologies such as The Internet of Things (IoT), cyber-physical systems, big data, advanced analytics, human-machine interfaces, cloud computing, all communicate with each other in real-time to form the fourth industrial revolution.
The data produced from such automated systems can be exchanged easily and quickly acted upon. Many of these technologies are already present in businesses, but in the coming years will become more relevant.
Where did it originate from?
The term Industrie 4.0 was first used in March 2012 as a reference in a ‘future project’ listed within the High-Tech Strategy 2020 Action Plan, which was approved by the German government. To remain at the forefront of this technological race, the German government is reportedly investing approximately €200 million (£140 million) in Industry 4.0 research involving academia, businesses and government.
The rest of the world are now taking note such as the US, who has formed a Smart Manufacturing Leadership Coalition (SMLC), comprising of manufacturers, suppliers, technology firms, and government - with the objective of advancing the thinking behind Industry 4.0.
When does it start?
It’s been evolving for some time now. You can’t buy it, download it or subscribe to it. When businesses start to connect existing processes together, install digital equipment and generate big data analytics to improve data efficiency, then Industry 4.0 will be in full swing.
Where does the Internet of Things fit in?
The Fourth Industrial Revolution is enabled by technologies such as the Internet of Things (IoT), big data and connectivity. The connectivity of equipment, people, processes and supply chains all make up the Internet of Things (IoT) and Industry 4.0.
The emergence of this new era of embedded technology means that information on how these things are integrated together is available at your fingertips.
What does it mean for manufacturers?
The way products and services are consumed is changing so much, as demands for customized goods is ever increasing. Manufacturers have to respond quickly to these changing market conditions and in the most efficient way. Having a smart, connected factory will be an enabler of this.
So with all the Industry 4.0 craze, manufacturers will be wondering what it will mean for their businesses. None will want to be left behind, so to stay ahead of the game some manufacturers will change their processes and equipment, and adapt new strategies and business models to embrace Industry 4.0.
Adopting key Industry 4.0 technologies as soon as possible to become the leading force in your industry will help your business react quickly to market changes, respond to current and new competitors, and inevitably future proof manufacturing operations, drive sustainable growth and innovation.
What are the opportunities for manufacturers?
Being at the forefront of Industry 4.0 and taking advantage of technology will allow manufacturers, big or small to achieve business outcomes that weren’t possible 10 years ago, such as improving cost-effectiveness and product quality.
IoT enabled technologies will give manufacturers the chance to have full visibility of operations and allow them to be responsive to information about raw materials, inventory, quality, waste, output and customer demands, ensuring that opportunities for improvement are highlighted and action is taken, saving money, time and improving customer satisfaction and supplier relations.
What challenges could manufacturers face?
The workforce dynamics will change as employees adapt to new technologies and processes. Engineers are the facilitators, and management will need to know what information is needed to be collected to make the factory operate more effectively. IoT is about integration and making things talk which largely doesn’t happen automatically, people are the key to making it happen!
Industry 4.0 (sometimes referred to as the fourth industrial revolution) is the move towards digitisation of the manufacturing sector. Manufacturing technologies such as The Internet of Things (IoT), cyber-physical systems, big data, advanced analytics, human-machine interfaces, cloud computing, all communicate with each other in real-time to form the fourth industrial revolution.
The data produced from such automated systems can be exchanged easily and quickly acted upon. Many of these technologies are already present in businesses, but in the coming years will become more relevant.
Where did it originate from?
The term Industrie 4.0 was first used in March 2012 as a reference in a ‘future project’ listed within the High-Tech Strategy 2020 Action Plan, which was approved by the German government. To remain at the forefront of this technological race, the German government is reportedly investing approximately €200 million (£140 million) in Industry 4.0 research involving academia, businesses and government.
The rest of the world are now taking note such as the US, who has formed a Smart Manufacturing Leadership Coalition (SMLC), comprising of manufacturers, suppliers, technology firms, and government - with the objective of advancing the thinking behind Industry 4.0.
When does it start?
It’s been evolving for some time now. You can’t buy it, download it or subscribe to it. When businesses start to connect existing processes together, install digital equipment and generate big data analytics to improve data efficiency, then Industry 4.0 will be in full swing.
Where does the Internet of Things fit in?
The Fourth Industrial Revolution is enabled by technologies such as the Internet of Things (IoT), big data and connectivity. The connectivity of equipment, people, processes and supply chains all make up the Internet of Things (IoT) and Industry 4.0.
The emergence of this new era of embedded technology means that information on how these things are integrated together is available at your fingertips.
What does it mean for manufacturers?
The way products and services are consumed is changing so much, as demands for customized goods is ever increasing. Manufacturers have to respond quickly to these changing market conditions and in the most efficient way. Having a smart, connected factory will be an enabler of this.
So with all the Industry 4.0 craze, manufacturers will be wondering what it will mean for their businesses. None will want to be left behind, so to stay ahead of the game some manufacturers will change their processes and equipment, and adapt new strategies and business models to embrace Industry 4.0.
Adopting key Industry 4.0 technologies as soon as possible to become the leading force in your industry will help your business react quickly to market changes, respond to current and new competitors, and inevitably future proof manufacturing operations, drive sustainable growth and innovation.
What are the opportunities for manufacturers?
Being at the forefront of Industry 4.0 and taking advantage of technology will allow manufacturers, big or small to achieve business outcomes that weren’t possible 10 years ago, such as improving cost-effectiveness and product quality.
IoT enabled technologies will give manufacturers the chance to have full visibility of operations and allow them to be responsive to information about raw materials, inventory, quality, waste, output and customer demands, ensuring that opportunities for improvement are highlighted and action is taken, saving money, time and improving customer satisfaction and supplier relations.
What challenges could manufacturers face?
The workforce dynamics will change as employees adapt to new technologies and processes. Engineers are the facilitators, and management will need to know what information is needed to be collected to make the factory operate more effectively. IoT is about integration and making things talk which largely doesn’t happen automatically, people are the key to making it happen!
every year the Economical part very critical issue for industrial,.
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The fourth revolution has started in the maintenance service of companies. CMMS, IoT, ERP, Sensors, etc.
ReplyDeleteYou can find more information about it here :
Industry 4.0 CMMS: Future Maintenance Is Happening Now