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What is Industry 4.0?

Fasten your seat belts guys, a new era of revolution is going to. Or has it arrived already? Well, let us discuss this. Industry 4.0 is totally a new and latest phase of the industry referring it as the Revolution in the Industrial sector of 21st century.

The latest technology of the Industry 4.0 focuses on these:

  • Automation
  • Real Time Data Processing
  • Machine Learning
  • Interconnectivity
  • Intelligence

Industry 4.0 is often referred to as Industrial Internet of Things (IIoT). It refers to these:

  • Smart Manufacturing of the Products
  • Increased Physical Production
  • Operations undertaken with Smart and latest Digital Technology
  • Machine Learning
  • Big Data

These forms of technologies are used mostly to create a better and also more holistic connected ecosystem for organizations. Mostly the companies focusing on manufacturing, productions and supply chain management undertake such operations.

With the advancing technology, every other organization and business operating today face a common challenge. Although each and every organization is different yet they all cater with the need to follow globalization. They have to opt for connectedness and a link with the real-time and live insights from each one of their partners, products. Processes and people i.e. employees and customers.

A Roadmap to the Evolution of Industry from 1.0 to 4.0

As per the history, early time of the 19th century was named as the ‘Age of Industrial Revolution’. While digging too much deeper into the logics of Industry 4.0, it is suggested to first learn and understand how the manufacturing and productivity exactly has evolved since the 1800s.

There are four distinctive industrial revolutionary stages which the world has experienced widely till day. As the continuous upgradation in the industry still continues, let us discuss the four historic ages in detail.

Era of the First Industrial Revolution

The age of the first industrial revolution was limited in between the late 1700s and early 1800s. During this time span, the production and manufacturing evolved generally by focusing on the manual labor.

This labor tasks were performed by people and also the work was aided by the work animals. This lead the whole system to a more optimized form of labor. Such tasks were performed by people with the extensive use of water and steam powered engines. Other types of machine tools were also used extensively.

Era of the Second Industrial Revolution

The early part of the 20th century was known as the ‘Golden Age of the Industry Revolution’. In this time duration, the world entered the second industrial revolution time which was famous for the introduction of steel and use of electricity in factories.

This age and the introduction of electricity in the old time enhanced the productivity. This was done by enabling the manufacturers to increase efficiency. The era of industry helped in making the factory machinery more mobile and useful. The assembly line and more alike concepts were introduced during this era. It was considered widely as a way to boost productivity.

Era of the Third Industrial Revolution

The third age, starting in the late 1950s, was named as the “Third Industrial Revolution”. It slowly began to emerge and created a boom in the industry worldwide. The main outcomes of the industrial revolutions were these:

  • Manufacturers began incorporating the electronic devices in the industry
  • Eventually computers were started being used in the factories
  • Technology was launched into the factories premises and productivity enhanced

During this period, a shift of technology was being experienced continuously. Manufacturers began to put less emphasis on analog and mechanical technology. More of their focus shifted to the digital technology and automation software.

Era of the Fourth Industrial Revolution, or Industry 4.0

As per the change gradient in the past few decades, the requirement of the fourth industrial revolution has emerged and it was necessary. This age of rapid and vigorous industrialization is known as Industry 4.0.

Industry 4.0 has taken the broad emphasis on digital technology. The digital technology has been taken to advancement from recent decades to a whole new level. This was done with the help of interconnectivity through:

  • The Internet of Things (IoT)
  • Access to Real-Time Data
  • The Introduction of Cyber-Physical Systems

Industry 4.0 is doing wonders. It offers the following to the manufacturing industry in the present day time:

  • More comprehensive approach
  • Interlinked approach
  • Holistic approach

It connects physical with digital technology. It allows both to come forth for better collaboration and access across these:

  • Departments
  • Partners
  • Vendors
  • Product
  • Customers
  • Employees

Industry 4.0 has the main purpose to automate the businesses. It empowers business leaders, administrators and the owners to better control and understand the business completely. It focuses on understanding every aspect of the business operation, and allows to leverage instant data to:

  • Boost Productivity
  • Improve Processes
  • Drive Growth

Benefits of Adopt the Industry 4.0 Model

You must be worried on what, why and how Industry 4.0 can do to your business’ efficiency. Well, let us explain. It spans the entire product life cycle and supply chain such as: design, sales, inventory, scheduling, quality, engineering, and customer and field service.

Below here is a quick overview. A list of some of the benefits of adopting an Industry 4.0 model is given as follows:

  • It makes your business more competitive, especially against the market giants
  • It makes your business more attractive and creative to the younger workforce
  • It makes your team stronger and more collaboratively creative
  • It allows the leaders to address the potential issues before they become big, unsolvable problems
  • It allows you to trim unnecessary costs
  • It helps you boost the profits and fuel growth

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