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18 views10 pages

Industry4 0

Uploaded by

priyadharshini
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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INDUSTRY REVOLUTION 4.

Industry 4.0—also called the Fourth Industrial Revolution or 4IR—is the


next phase in the digitization of the manufacturing sector, driven by
disruptive trends including the rise of data and connectivity, analytics,
human-machine interaction, and improvements in robotics.
Augmented reality, machine automation, and more: the 21st-century
industrial revolution is digital. Industry 4.0, the Fourth Industrial
Revolution, and 4IR all refer to the current
era of connectivity, advanced analytics, automation, and advanced-man
ufacturing technology
that has been transforming global business for years. This wave of
change in the manufacturing sector began in the mid-2010s and holds
significant potential for operations and the future of production.
INDUSTRY REVOLUTIONS
• Steam propelled the original Industrial Revolution;
• electricity powered the second;
• preliminary automation and machinery engineered the third;
• and cyberphysical systems—or intelligent computers—are
shaping the Fourth Industrial Revolution.
What is industry 4.0 in engineering?
• Many companies call themselves leaders of digital
transformation. Industry 4.0 refers to the companies in
the new age of digital manufacturing and supply chain
management that more fully employ advanced
technologies and digitally transformed processes and
practices to create smart and connected products.
four foundational types of disruptive technologies (examples
below) that can be applied all along the value chain:

• connectivity, data, and computational power: cloud technology, the


Internet, blockchain, sensors
• analytics and intelligence: advanced analytics, machine learning,
artificial intelligence
• human–machine interaction:
virtual reality (VR) and augmented reality (AR), robotics and
automation, autonomous guided vehicles
• advanced engineering: additive manufacturing (such as, 3-D
printing), renewable energy, nanoparticles
Advantages
• One consumer-packaged-goods company in Asia built a digital twin of
its supply chain to simulate different scenarios. During the pandemic,
the company used this simulator to prepare for sudden shutdowns or
disruptions in the supply of materials.
• When one coffee machine plant in Treviso, Italy, transformed itself
from an uncompetitive site into a manufacturing lighthouse, labor
productivity rose by 33 percent and lead times fell by 82 percent.
• Of the surveyed companies that had not begun implementing
Industry 4.0 technologies, 56 percent felt constrained in their
responses to the pandemic’s challenges as a result.
Digital transformation
• Digital transformation is the process of adoption and
implementation of digital technology by an organization in order
to create new or modify existing products, services and
operations by the means of translating business processes into
a digital format.
4Ps of digital transformation
• Product, Price, Promotion and Place, the marketer's
mainstay, are still current and required in today's
environment. However, each of these Ps sits somewhat
precariously on processes and technologies that cross
departmental lines and ownership/responsibility.
Example of digital transformation
• Using machine learning and recommendation
algorithms, it uses advanced technologies. One of the
company's mobile applications helps choose the best
shoe based on a leg scan. A 13-point map of the feet is
created by scanning the feet
Goal of digital transformation
• Digital transformation is the integration of digital
technology into all areas of a business,
fundamentally changing how you operate and deliver
value to customers.
Benefits of digital transformation
• Enhanced data collection.
• Higher level of efficiency and productivity.
• Quality improvements to products and services.
• Reduction in costs.
• Improved management of resources.
• Better business model.
• Providing a better customer experience.
• Profit growth.

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