Industry 4.0, also known as the intelligent industry, is considered to be the fourth industrial revolution, a term coined by Professor Schwab and seeks to transform a company into an intelligent organization to achieve the best business results.

To some, it will seem too soon to talk about the next industrial revolution, i.e., the fourth industrial revolution, but the adoption of digital technology has reached a point where we are ready for another radical change, the digital transformation of the industry or what we call industry 4.0.

The change is based on the adoption of new technologies for the progressive automation of the production process. It is about innovative technologies whose application to the industry will be developed day by day.

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We speak of additive manufacturing, collaborative robotics, production planning tools, artificial vision, virtual reality, gratification, process simulation, operational intelligence, IoT, and the so-called KET (Key Enabling Technologies).

All this implies the need to have systems that operate and manage broadband information and infrastructures for information technologies as well as buildings and traffic systems. This concept of industry 4.0 represents a significant leap for most organizations.

Smart Factories

In Industry 4.0, automation and intercommunication are the basis for the optimization of design and production processes, which allows manufacturing of highly customized, flexible and efficient products. It affects the entire life cycle of a product, ensuring its vertical and horizontal integration.

Starting with research, design, prototyping, production, distribution and client management as well as linked services, it interconnects all the agents involved that can react in a more agile way in the process. This leads to an increase in productivity and competitiveness as well as a significant reduction in costs.

In a Smart Factory, production control is absolute. The digital integration of information provides real-time access to the data, which will be chosen for each line, interest or user profile so that they are relevant to the business.

Both operators who have screens with information that promote efficiency in their position, as well as the data obtained in real time by executives of the company or department managers, provide the greater diagnostic capacity of the global situation of a factory and integration of effective decisions in the productive system.

More information: https://interestingengineering.com/the-industrial-revolution-40-and-its-possibilities-revealed