Fourth Industrial Revolution
What is Industry 4.0?
Industry 4.0 or, as it is also known the fourth industrial revolution is the trend that is currently coming into play of automating the manufacturing processes and the use of IoT and other technologies to make industrial processes more readily accomplished. It is working hand in hand with things like the internet of things, cloud computing and cyber-physical computing.
Using Industry 4.0, we create what are called smart processes and smart computing.
According to Wikipedia, “Within the modular structured smart factories, cyber-physical systems monitor physical processes, create a virtual copy of the physical world and make decentralized decisions. Over the Internet of Things, cyber-physical systems communicate and cooperate with each other and with humans in real time, and via the Internet of Services, both internal and cross-organizational services are offered and used by participants of the value chain.”
The term Industry 4.0 or fourth industrial revolution began in the German government with a project that they had created that was markedly high tech. It promoted computerized manufacturing and provided the reasons for that manufacturing to take place as well as how industry 4.0 would play out with other areas of manufacturing such as logistics and supply.
Industry 4.0 provides for changes in the way in which we work. It makes our work smarter and faster and in most cases will save a great deal of money for the factories and businesses which embrace it. For those that do not embrace the fourth industrial revolution, they will be hard pressed to keep up to those who have introduced smarter factories. Better manufacturing, better use of space and better safety results are just a few of the things that Industry 4.0 provides.
For those who embrace Industry 4.0 the results can be faster, better, more profitable results from their business. What’s not to love about that.