Technology has a crucial role in every sector of the modern business world and every aspect of human life. There is no question that the increase in connectivity has helped lead to a revolution across several industrial sectors, including manufacturing, distribution, and development. However, it can get tricky to explain Industry 4.0 for a layman.
Let’s look into this and understand the term in a simplified manner.
What is Industry 4.0?
Industry – 4.0 is the term that explains the amalgamation of traditional manufacturing with industrial sectors and the latest practices with the smart use of modern technology. The primary focus of industry 4.0 is to collaborate M2M (machine to machine) to IoT (Internet of things).
When you mix both the powerful elements, you can see a massive change in the automation of manufacturing sectors. There is improvement in various levels that include communication and channeling distribution. Hence, it gives a boost in the monitoring of business processes. Integrating smart-end mechanisms that operate without human intervention or ensure minimum involvement will increase productivity levels to a great extent by reducing the overheads of any manufacturing business.
The manufacturing plants and factories are witnessing partial to complete automation of the processes. It enables you to focus on other critical aspects of the business as IoT also handles the analysis of business processes and troubleshooting within no time.
Why industry 4.0 and not 2.0 or 3.0?
The industrial revolution in the 4th is the result of the revolutionary advancements that happened in the last ten years. The simple reason is that the foremost revolution in industrial sectors started when farming advanced to factory production in the early 19h century. The second revolution covers the period of the steel industry in the mid-1850s. It was that period when the electrification of manufacturing sectors brought a colossal change in mass production.
The third revolution mentions the technological advancement of mechanical machines to electronic devices. By end of the 1950s, the digitalization of machinery brought a significant change in businesses.
Coming to the 4th and present revolution – a mix of Artificial intelligence and cyber-physical systems. Recent technological advancement includes big data, analytics, and smart machines. It resulted in improved analysis, monitoring, production, and self-diagnosis. Hence, it helps customers and manufacturers alike, indicating a productive future ahead.
The wrap
The industrial revolution has come a long way now– you can explore more about this in all the business sectors and not just in IT or manufacturing. The use of simulations, robotics, Cloud computing, and data sharing are a few to mention; in this regard. The market for augmented reality is growing at an exponential rate. More and more businesses are imbibing modern technologies to keep up with the changes. The world of technology is ever-evolving and highly impacts all aspects of human lives. Hence, the innovation proves beneficial in assisting production and boosting the manufacturing sectors. Overall, the latest phase of the industrial revolution is all about real-time data, automation, interconnectivity, and machine learning.