Industry 4.0 is referred to as the fourth Industrial Revolution will we’ve seen transformative technologies that have changed industry. it is defined as the 4th industrial era since the initial industrial revolution. The main element of 4.0 is the fusion of technology from physical, digital, biological, with Nanotechnology, biotechnology, and intelligence .at the moment this fourth Industrial Revolution sees smart factories with connected machines and intelligent robots.
The industrial revolution was one of the significant discoveries in human history also termed as industrial age. The first Industrial Revolution basically started in this 1770s will be moved from hand to machine from farms to the first factories using steam and water power. It took the production process from the firms to a unit i.e. a factory where people were moved out. Then a hundred years later electricity arrived and the Next Industrial Revolution so this gave us automation, it gave us assembly lines so this was the real start of factories as we know them today. In 2nd industrial revolution when large scale machines were brought into operation. We have the computer arrived around 1970.
In 3rd revolution used electronics and information technology to automate production. Internet technology and renewable energy emerged and created a new infrastructure method in the industrial revolution. we now have computers that would allow us to automate some of the work in factories we have electronics in them and this latest Industrial Revolution which has just started .which we refer to as industry 4.0 is now not looking at these individual computerized machines but this whole network of them they’re all communicating to each other. We have intelligent factories and some of the underlying technologies of this new industrial revolution is the Internet. Things we have smart machines and have sensors in them that are connected to networks and talk to each other so they can diagnose their own problems and alert someone that something is going wrong within the machines.
We have big data so all of these machines generating huge volumes of data that we can now use and analyze and we can use things like artificial intelligence and machine learning to make out of this data. So we get things like predictive maintenance where a machine or an assembly line will tell us that this might be going to break down in the next day or so.so we need to fix things before they actually ever happen we now have interconnected supply chains. It also enables us to have more intelligent robots and autonomous things like vehicles and drones.
we can now shape things automatically using delivery robots .this new world of smart connected machines and intelligent robots basically means that new industrial revolution means we need to rethink our businesses we need to take them from the third Industrial Revolution to this new world of Industry 4.0 and we need to develop our skills and we need to figure out what the role is of that people will play in all of this. So we’re now talking about robots, so we call to share our working environment with intelligent robots. so we need to make sure that we find in place a new place for all of us and prepare for this new fourth Industrial Revolution help the companies shape their business processes their business skills so they can leverage all of these new technologies, and like every previous Industrial Revolution, the organizations that don’t prepare for this will very quickly be left.
TRANSFORMING 4.0 Highlights
Challenges of industry 4.0
High Economic cost
Business Model Adaptation
Unclear economic benefits
Surveillance and distrust
Threat of redundancy of the corporate IT department.
Loss of many jobs to automatic processes
Lack of regulation, forms of certificate
Unsure legal issues and data security
Organizational level challenges
IT security issues
Reliability and stability needed for machine to machine communication.
integrity of production
Lack of skill sets
Low and top management attitudes
Insufficient qualification of employees.