If you clearly observe, mechanization through water and steam in the first industrial revolution, the era of science and mass production in the second, rise of IT and Computers in the third has been positively adapted by all.
Then comes the fourth revolution, a continuation of the third revolution – the enhancement of IT with smart automation and machine learning.
Well, we are in the midst of a new revolution that has transformed the manufacturing industry. This transition is termed industry 4.0.
Industry 4.0 and Industrial IoT solutions are terms tossing around lately. But,how is this interrelated to each other and why would industries adapt with an astonishing speed?
Even though many companies have dismissed industry 4.0, the shift is still a continuous process in manufacturing industries that deserves attention.
Let us give you insights into Industry 4.0 and its benefits.
Before diving in, note that the industry 4.0 market is projected to grow at a CAGR of 20.6% in the next 5 years. The market value will increase by approximately USD 165.5 Bn with the rapid AI and industrial internet of things in the manufacturing industry.
What is Industrial Revolution 4.0?
Aren’t we tired of gathering data and maintaining it manually?
Well, Industry 4.0 is what we needed in terms of automation. A sheer volume of data collected through sensors with new methods of handling it, is what industry 4.0 technologies do.
CPS, IIoT, cloud-based processors allow to gather piles of data and interpret in ways that weren’t possible earlier. The impact of these technologies is felt in the manufacturing industry, from production to maintenance and to the final product.
Moving on to the next part of our blog, we would like to classify the important concepts of industry 4.0. that are heavily focused on the industrial revolution.
4.0 Technology: Concepts
There are several thousand terms related to industry 4.0, out of which the below terms are essential irrespective of whether your business needs it or not.
Industry revolution 3.0 had introduced digital technology, and that’s when 4.0 adopted the transformation giving rise to automation and smart devices with the help of IoT- Internet of Things. It’s the connection between two products like machines and sensors with the internet.
For example, those who use Nest at home, view cameras via mobile phone, control AC temperature with an app, etc., are connected with IoT.
To know more about such IoT enabled apps, you can visit our page where we have developed similar applications.
The industrial internet of things is related to the connectivity between human resources, data, and machines related to manufacturing the products. Just how every product today is equipped, Industry 4.0 and IIoT provides the same with advanced automation.
The software like MRP, PLM, or AMS may not work as they are old and cannot be updated. However, the advancement of sensors/ automation helps in making old equipment compatible.
Artificial intelligence is another concept that refers to machine learning and computers. Devices with AI are now ready to recognize the environment and take actions to maximize achieving the goals.
Where AI showed miracles in the food industry, it’s now time to create wonders with these AI-enabled devices in the manufacturing industry too.
4. Cloud computing
Accessing the data at any location with internet connectivity is possible with cloud computing. It helps in storing, managing, and processing data to achieve economies of scale. It enables the companies to focus on their expertise rather than investing in data management.
The best example is how smart cities are monitoring solid waste by cloud-based IoT-enabled solutions.
5. Big Data
How can big data analytics help in 4.0? When we talk about managing massive data from sensors, cloud computing, and IIoT, where we can improve the efficiency of supply chain management.
Some examples of these big data systems include the stock market, weather forecast, and
medical health records.
6. Machine Learning
Thanks to ML, there has been massive progress in optimizing the manufacturing space. Use of smart devices, machines, and systems, smart factories are digitized to monitor and collect data. Adopting industry 4.0 technologies will maximize efficiency and immediate gains in the manufacturing industry.
Summing up, these are the essential use cases that can help understand the value of the new revolution in the manufacturing industries.
Now let us switch to how these concepts benefit the industries.
Benefits of Industry 4.0 with IIOT
The ultimate goal of adapting industry 4.0 with industrial internet of things in manufacturing industries is to increase efficiency with automation technologies. Keep reading to learn more about the benefits of adapting to industry 4.0.
The amalgamation of smart systems and devices can bring along a growing ability to self-optimize production, leading to negligible downtime of your machines. Optimizing plays a vital role in maintenance with the use of the right resources at the right time.
Also, utilize your time to optimize logistics. For better results, invest in logistic warehouse management systems.
The interconnection of smart machines with IIoT allows easy scaling production with the predictive market demand. Big data analysis can help you with the current trends and customize products according to the market requirements.
AI will help in reviewing and tracking the market price. This helps in accurate demand forecasting, improving margins.
Self-driven cars, AR systems never seemed like a reality. But today, when we look at the transformation of industry 1.0 to 4.0, these technologies are used to a large extent. Technology is seamlessly progressing every day, leaving a high impact in our lives.
For example, with the help of sensors and connectivity, technologies have given rise to smart office automation, smart home automation, smart waste management systems, smart switches, and many other IoT-enabled devices that have helped businesses grow.
Lastly, implementing these smart devices in any business may cost you initially. Still, if you have invested right, the implementation of automated systems, data management, AI, etc., all play a key role in increasing profits.
The above mentioned list is not the end, industry 4 has more to it. To understand more in-depth smart technologies, you can reach out to us.
Are You Ready to Transform Your Business with Industry 4.0 and IIoT?
Integrating industry 4.0 technology into your manufacturing business by using the latest technologies is now possible. We provide flexible and industry-specific software solutions designed around your needs.
To sustain in today’s competitive market, you need tools that streamline tasks and increase productivity. We at Excellent Webworld are ready to provide Industry 4.0 with IIoT solutions to keep you on the right track.
The IIoT refers to the sensors and machine communications with automated systems whereas, Industry 4.0 is a broad term that involves the entire digital revolution of the industry. The IIoT is one of the emerging technologies of industrial revolution 4 adopted by manufacturers.
AI is the driving force of industry 4.0. It permeates the ecosystem and not only the production department. The best example of AI with industry 4.0 is the optimization of supply chain management to anticipate and respond to changes in the market.
The four stages of the industrial revolution have brought a huge change in society. Let’s have a check on what those were.