CALL US

  +91 8266041801

  +44 203 372 4609

  +1 408 454 6110

  evontech

Get Free Quote

Why is Industry 4.0 the Future of Productivity and Growth in Manufacturing?

Why is Industry 4.0 the Future of Productivity and Growth in Manufacturing?

The new buzzword for industry is Industry 4.0, which refers to the fourth industrial revolution. Owing to IT advancements in the past decade, Industry 4.0 is believed to significantly evolve the supply chain and production line in manufacturing industry. Before we start discussing the next big frontier of industry, let’s catch a glimpse of three industrial revolutions that happened previously: Mechanization, Mass Production and Automation.

Mechanization was the first revolution in the history of industry, bringing machines to perform certain tasks. The second was Mass Production and became possible due to electricity and Assembly Lines. The third industrial revolution was automation, thanks to the advent of computers, allowing machines to perform a particular task repeatedly without human effort.

And now, we have yet another revolution “Industry 4.0” aka “Digital Factory” or “Smart Factory” or “Industrial Internet of Things” (IIoT). Let’s understand what Industry 4.0 is all about and how it will shape the future of manufacturing industry.

Fourth Industrial Revolution Explained

The term “Industry 4.0” was first introduced as “Industrie 4.0” by the German government in 2011 to enhance the production and growth of German manufacturing industry. Industry 4.0 paves the way for smart factories in which machines improve processes to a much higher level through automation and self-optimization.

Industry 4.0 uses new IT technologies, like Cyber-Physical Systems, the Internet of things, Cloud Computing, Big Data, Simulation, Autonomous Robots, Augmented Reality and Artificial Intelligence. Although the virtues of Industry 4.0 were initially believed to be a boon only for the physical production of goods, they expand the reach to planning, supply chain logistics, product development and service as well.

Essential Components of Industry 4.0

IIoT

Industrial-Internet-definition-by-GE-Automation.jpg

IIoT is an abbreviation for Industrial Internet of Things and it’s different from IoT (Internet of Things). IoT allows a smart device to connect or communicate with other devices through the Internet. IoT is mostly about consumer-level goods, like cars or home appliances, that send and receive data via Internet to bring benefits to users.

In a nutshell, IoT connects the physical world to the digital world. With IoT, home appliances can be automatically turned on and off when you’re home and when you’re not home. Therefore, it reduces unnecessary usage of home appliances and cuts down your monthly electricity bill.

IIoT or Industrial Internet of Things, on the other hand, is a sub-segment of IoT, used for industrial purpose, like manufacturing, supply chain monitoring and management. Industries across the globe, such as aerospace, oil and gas, transportation, healthcare, energy and mining, are increasingly adopting IIoT to handle critical machines via sophisticated sensors.

IIoT uses more precise sensors than that of IoT as system failures could lead to life-threatening and other emergency situations. That IoT is related to consumer-level devices, the risk originating from failure is much lower when compared to the failure of IIoT. Using cutting-edge devices and location-aware technologies, IIoT takes manufacturing to an all new level and ensures flawless supply chain management.

Big Data, Data Mining and Data Analytics

Image Source: ResearchGate

Without a shred of doubt, Big Data will play a big role in the success of Industry 4.0. Manufacturing industry generates large volumes of data as a result of Machine to Machine communication, cyber-physical worlds, cloud based software applications, Augmented Reality (AR), etc. However, this data will be of no use unless big data analytics is applied to draw actionable insights.

Big Data Analytics not only helps identify trends and patterns, but improves plant productivity as well by making it possible to examine time differences between data transmitted by different robots. This valuable information helps find a fix to improve efficiency. Besides, data analytics enables to identify flaws in product design at a very early stage by collating and examining part-per-million defect data. So, data analytics provides a way to identify anomalies or issues in new product design before customers identify them after buying from you.

Furthermore, data analytics helps calculate maintenance cost of machinery, thereby making it possible to plan and execute the process in an effective manner. Big Data Analytics will play a critical role in gaining valuable insights to reduce business costs and boost productivity.

Artificial Intelligence

Image Source: HCL Technologies

Manufacturing industry was the first to use Artificial Intelligence (AI) for product assembling and packaging. AI, too, has a very important role to play in Industry 4.0 as it facilitates machine learning, allowing machines to learn and make predictions based on experiences.

AI has a lot to do with data as cyber-physical systems communicate with each other and humans by sending and receiving data in real time over the Internet of Things. Collection and analysis of large amounts of data optimizes the manufacturing process and revolutionizes mass production. Besides, AI-powered machines are capable of performing tasks 24 hours a day, which gives a significant boost to productivity.

Collaborative Robots or Cobots

Image source: CATE Srl

It’s no secret that manufacturing industry has been using robots for many years to replace human labor, boost productivity and cut down costs. However, Industry 4.0 brings to the table the concept of collaborative robots aka Cobots. Cobots were first introduced to the world by a 1994 General Motors initiative led by Prasad Akella of the GM Robotics Center and a 1995 General Motors Foundation research. Taking the concept further, Universal Robots developed its first cobot in 2008 in a bid to enhance quality production.

Unlike robots that replace humans, cobots work and collaborate with humans to produce the desired result, without posing any threat to human safety. Cobots are lightweight and are equipped with sensors to ensure that they avoid touching humans forcefully or causing injuries to them.

Many manufacturing industries are now jumping on cobot bandwagon to boost quality production with human supervision, and Ford is one of the popular examples of that.

Augmented Reality (AR)

maxresdefault.jpg

Image Source: You Tube

Augmented Reality (AR) is known to make our existing reality more meaningful, which manufacturing industry could use to expedite the entire production chain. AR helps create simulation models and allows to see information on tasks that are being performed. With the help of AR devices, it becomes possible to see what can’t be seen otherwise, like a virtual screen appearing in front of you to provide instructions on how to perform a particular task. AR provides a brilliant way to bridge the knowledge gap in workers, which makes them more efficient and productive.

Cloud Computing

Cloud Computing will play a crucial role in Industry 4.0 to harness the full potential of robotics and artificial intelligence. The key to easily and effectively manage workloads across the full spectrum of devices created by Industry 4.0 is to integrate compute services with a cloud platform. Since Industry 4.0 produces humungous amount of data via IIoT, cloud technologies become important to analyse and visualise it.

For example, Rolls Royce teamed up with Microsoft to utilize its Azure IoT cloud suite in a bid to make aircrafts more efficient and bring down engine maintenance costs. Using Azure IoT Suite, Rolls Royce collects and aggregates data from different sources and different geographical locations.

After collecting data, Rolls Royce puts into use the Cortana Intelligence Suite to extract useful insights into engine health, air traffic control information, route restrictions, fuel usage, etc. As a result, the British luxury car and aero engine manufacturing company has been able to improve operational performance and increase fuel efficiency.

 

Conclusion

The fourth industrial revolution has already begun, and benefits of using new disruptive technologies are increasingly becoming evident for the industry of today. Many tech giants, including AT&T and Google, are venturing in Industry 4.0 solutions to welcome the change that seems very promising for industry. By covering the essential IT components of Industry 4.0, one can add more value to manufacturing business and touch new heights.

What are your views on the future of Industry 4.0? Do you think if there are any risks associated with the much-hyped change? If yes, please get in touch with us share them in the comment box below to add a new dimension to the adoption of Industry 4.0.

How Marketing Automation and CRM Integration leads...
EVON TECHNOLOGIES : STARTUP ACCELERATOR

Related Posts

Comments

 
No comments yet
Already Registered? Login Here
Guest
Wednesday, 08 April 2020
If you'd like to register, please fill in the username, password and name fields.

SEARCH BLOG

Cloud computing Big Data Web development IT consulting and software development Big Data Analytics Project Management IT developers Javascript outsourcing App development Salesforce customization Salesforce consulting Software development Salesforce Cloud Services Software development and testing Product Development Offshore development India Salesforce Lightning Offshore software development Node.js Start-ups Salesforce development business analysts Web app development data security Agile product Development Agile Development project management methodology Offshore software development services EmployeeEngagement Salesforce CRM risk management Evon Technologies Offshore software development company Digital Marketing Salesforce Mobile Development Business continuity Scrum React Native Java development tools Salesforce Python data protection Project Manager salesforce apps business management Business Growth GDPR QA services EPLcricket Big Data Cloud Database & Computing | Staff Augmentation PHP development Recreationalactivity Social Media Marketing marketing automation Virtual reality Resource Management MVP Development Android development Higher Productivity JUnit Salesforce AppExchange Salesforce cloud Artificial intelligence Reactive Programming Android apps salesforce implementation React.js Mobile app development Data security breach AI in mobile apps Findnerd Salesforce ISV DevOps services QA and Testing Collaboration Real time data Web designinng AppExchange company news IntelliJ Idea Top project management tools Cross Platform Mobile App Development cloud security Python Frameworks Online community Artificial intelligence in mobile apps iOS apps QA team Identity theft PHP Testing Software as a Service (SaaS) DevOps Applications of real time data Scrum Product Development Visual Design Android and iOS app development Content Management System J2EE component

About Us

Evon is one of the top software development consulting companies based in India. We are a 250+ people company. We primarily service clients who want to either completely outsource a new idea or are looking to build an offshore team.

GoodFirms Badge

Recent Tweets

Evon Technologies

What are the #security and privacy implications of building #Salesforce apps? Here is a guide to prepare yourself f… https://t.co/IpInYsOMNo

Evon Technologies

Researchers at @GoodFirms Recognize Evon Technologies as an Unyielding Technology Partner, Read here -… https://t.co/q5516b71Vy

Get in Touch

  +91 8266041801

  +44 203 372 4609

  +1 408 454 6110

  evontech

 This email address is being protected from spambots. You need JavaScript enabled to view it.

   A- 5, IT Park, Dehradun, Uttarakhand, India, PIN - 248001.

follow us on

×
We use cookies on our website to provide you with a more personalised digital experience and for analytics related to our website and other media. For more information, please review our Privacy Policy and Cookies Policy.