What is Industry 4.0?
Industry 4.0 refers to the fourth industrial revolution.

After mechanization (Industry 1.0), mass production (Industry 2.0) and automation (Industry 3.0), now the “internet of things” is becoming an integral part of manufacturing.

Industry 4.0 is the next revolution in industrialization.

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The goal is to take all individual processes in computing, which factory machines perform, to their systems and import them to the cloud.

The workflow, upkeep, and management of every machine and series of machines will be done remotely in the Industrial IoT.

 

It allows for remote access to services, apps, and stored data. IoT uses the cloud and automates processes in objects synced to the Internet, such as Internet-enabled automobiles and remote home lighting and shade systems. Industry 4.0 uses both cloud computing and IoT to take processes that are being managed internally by people and machines and move them to the cloud. Here they are managed from any place in the world.

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Industry 4.0 technologies have the potential to create extraordinary growth opportunities and competitive advantages that businesses will be able to increase their productivity by about 30 percent using Industry 4.0

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Smart Machines:

Intelligent machines share information with one another, they can organize themselves on their own and work together to coordinate processes and deadlines, this makes production more flexible and efficient, these machines communicate directly with all of the IT systems in the company, enabling a flow of information to areas such as sales or development.

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Production facilities:

In smart factories, people still play a critical role in the production process. As augmented operators, they control and monitor production sequences in the production network. IT-based assistance systems such as data glasses can virtually extend an augmented operator’s view of a real factory such assistance systems can also be adjusted to the individual abilities and needs of staff members, and they offer the potential to extend the time that older people stay in the workforce.

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Smart products:

Every smart product holds data about operating conditions and product statuses. This data is stored on things like tiny RFID chips, and it provides a virtual copy of each smart product.

Such information is collected, updated and evaluated throughout the life of the product as needed, from the first stage of production to actual customer use and all the way to recycling.

 

Smart services:

Industry 4.0 is not limited to factories, intelligent products do more than actively control their own production process, once being delivered to a customer, they serve as a platform for new business models.

In the future, there will be billions of intelligent products that are connected to the internet throughout their useful life, and they will save huge quantities of data (big data) about their own operating conditions and product statuses in the cloud.

All that data they have collected can be used to optimize products.

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Smart algorithms can link existing data to new information (smart data), they provide a foundation for offering customers personalized, data-based services (smart services) in addition to the physical product. For instance, operators of diagnostic devices can collect and analyze data about all of the devices being operated in the area they are responsible for and use it to generate new services, such as possible diagnoses.