We are witnessing the digital era right now which is full of innovations and brilliance of the human mind. Industry 4.0 is one of the major innovations in this digital computerized world.
Industry 4.0 is a new phase of the Industrial Revolution because of its eye on automation, cloud computing, machine learning, data inter-connectivity, and real-time data monitoring and control.
People around the globe also refer to Industry 4.0 as IIoT (Industrial Internet of Things) or Smart Manufacturing.
Augmented and Virtual Reality is also booming at a rapid pace.
The success or failure of any company depends on the connections and communication between the different teams of the organization. All organizations face a common challenge, connectivity, and access to real-time insights across processes, partners, products, and people.
Industry 4.0 fills this gap by employing the cyber-physical system. It also included data analytics, cloud computing, and cognitive computing. With rapidly emerging smart digital technology, machine learning, and big data, industries are becoming smarter, accurate and predictive.
Industry 4.0 isn’t just about investing in new technology and tools to improve manufacturing efficiency—it’s about revolutionizing the way your entire business operates and grows.
What Is Industry 4.0?
Industry 4.0 is the fourth industrial revolution. It is an approach that uses advanced technologies to reinvent products and services from design and engineering to manufacturing and support, accelerating operational efficiency and enterprise-wide growth.
Why It Matters
It matters a most to bring the change in the mindset of an industrialist to adopt the smart manufacturing techniques to achieve new heights. The need of the era is to be digitally connected to the world and deliver the best.
Industry 4.0 Principles
- Information transparency
- Technical assistance
- Decentralized decisions
To read more about industry 4.0, go to below link.