- INDUSTRIE 4.0 connects embedded system production technologies and smart production process to pave the way to a new technological age.
- INDUSTRIE 4.0 represents a paradigm shift from “centralized” to “decentralized” smart manufacturing and production.
“Smart production” becomes the norm in a world where intelligent ICT-based machines, systems and networks are capable of independently exchanging and responding to information to manage industrial production processes.
[Boston Consulting Group]: Following nine pillars of technological advancement underpin Industry 4.0: Big Data and Analytics, Autonomous Robots, Simulation, Horizontal and Vertical System Integration, the Industrial Internet of Things, Cybersecurity, the Cloud, Additive Manufacturing, and Augmented Reality.
[Bitcoin.com]: The Fourth Industrial Revolution is profoundly altering everything around us, even the way we live. This revolution promises to create greater efficiencies in all industry sectors and to spectacularly maximize human wellbeing.
The steam engine propelled the First Industrial Revolution. Then electricity, along with the assembly line and other mass production techniques, brought the second. Next, computer technology and microelectronics drove the Third Industrial Revolution. Now, stunning innovations, which include Internet of Things (IoT), genetic engineering, 3D printing, artificial intelligence (AI), driverless vehicles, robotics and smart machines, bring the Fourth Industrial Revolution, or Industry 4.0.
As Klaus Schwab, Founder and Executive Chairman, World Economic Forum, put it, “One of the main features of the Fourth Industrial Revolution is that it does not change what we are doing, it changes us.”
[TechRadar]: The Fourth Industrial Revolution is the move towards digitisation and involves three key parts:
- The Internet of Things and cyber-physical systems: such as sensors having the ability to collect data that can be used by manufacturers and producers.
- The advancements in big data and powerful analytics: systems can trawl through the huge sets of data and produce insights that can be acted upon quickly.
- The communications infrastructure: backing this up is secure enough to be used by heavy industries.
Smart factories, which will be at the heart of Industry 4.0, will take on board information and communication technology for an evolution in the supply chain and production line that brings a much higher level of both automation and digitisation. It means machines using self-optimisation, self-configuration and even artificial intelligence to complete complex tasks in order to deliver vastly superior cost efficiencies and better quality goods or services.
[More to come ...]