Technology 4.0
- Fourth Industrial Revolution.
- Intelligent technologies in automation.
- Cyber-physical systems.
- Smart manufacturing through block chain, robotics, cognitive computing.
- Optimum utilization of resources.
- Full rollout of 5G with wireless connectivity and augmentation of machines.
- Real-time communication between systems.
- Lesser wastage with a circular approach.
- Sustainable development, thus improving human lives.
- Three technological trends:
- Connectivity
- Intelligence
- Flexible automation
- Includes:
- The Industrial Internet of Things (IIoT) ,
- Cyber-physical Systems (CPS) , Smart Manufacturing,
- Smart Factories, Cloud Computing,
- Additive Manufacturing, Big Data,
- Robotics, Cognitive Computing,
- Artificial Intelligence & Block chain etc.
- Digital twin technologies:
- Create virtual versions of real-world installations.
- Processes and applications.
- Cost effective decentralized decisions.
- Copies can then be created in the real world and linked via the Internet of Things.
- Cyber-physical systems to communicate and cooperate with each other and human staffs.
- To create a joined up real-time data exchange and automation process.
First Industrial Revolution
- Advent of mechanization.
- Steam power and water power.
Second Industrial Revolution
- Mass production.
- Assembly lines using electricity.
Third Industrial Revolution
- Electronic and IT systems.
- Automation.
Industry 4.0 Post COVID-19
- Exhibitions getting ready on virtual spaces.
- Enterprises are failing to spot their financial targets due to supply-chain disruptions and lowered customer demand.
- Demand, supply and workforce availability have been affected.
- COVID-19 is a transformative force.
- Critical to build business resiliency after this pandemic.
- It is not bringing us into Industry 5.0.
- Moving towards a smart factory.
- Industries and businesses must use digital transformation to speed up the transition.
- Complete with smart manufacturing or smart printing processes.
- Physical conferences are being converted into digital webinars.
- The business drivers of Industry 4.0 pre-crisis were focused on:
- Competitive advantage
- Cost reduction
- Productivity
- Sustainability
- Innovation
- Priorities for most manufacturers today fall into three distinct Stages:
- Survival
- Recovery
- Business
✍Examrace Team at Aug 24, 2021