Smart Factory is the new milestone of fourth Industrial Revolution, which is also known as Industry 4.0. Its ability is to take that information from the connected systems and use it to know more, make better business decisions, improve performance, and better anticipate the future. In short, turning insight into informed action.
Rise of Industry 4.0
Industry 1.0
Industry 1.0 started in 1760s and lasted into 1830s, the production evolved from physical strength to machine power. Increasing in quantity and improving in quality, the machines used steam power. During this process, coal became more popular compared to wood, ensuring more usage of the machines.
Industry 2.0
Industry 2.0 started in 1840 and lasted into 1870 is also known as technological revolution, the electrical technology was used in production, this new technology superior to steam power ensured that the machines are further advanced and the production increased greatly. Thus, the world became aware of the concept of mass production. Transportation had already improved with the railroads, facilitation of transportation significantly streamlined the supply of raw materials, and ensured that the products were delivered to new and faraway markets.
Industry 3.0
Industry 3.0 started in 1950s, during when digital technology developed, laid the foundations of the Third Industrial Revolution. The computer and communication technologies were very useful in the production process. Smaller and practical products entered into our everyday lives with the use of computers and communication technologies in production processes. In this process, machines did not only dominate our everyday lives, but also began to abolish the need for human power in life.
Industry 4.0, the machines began to manage themselves and the production process, so they no longer needed manpower. Machines owe this automation to computer, communication and internet technologies.
These advanced technologies are the nine pillars of Industry 4.0,
- Internet of Things” (IoT)
- Simulation
- Horizontal and vertical system integration
- Cybersecurity
- The Cloud
- Additive manufacturing
- Augmented reality
- BigData Analytics
- Autonomous Robots
These technologies allows a product factory to manage itself virtually. There are companies already started investing a lot in Industry 4.0 to enable digital transformation.
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Contact Us5 Paradoxes that surrounds the Digital Transformation, where you are?
The Strategy
Digital transformation is a top strategic objective for most of the organizations. However there are very less fund allocated for Digital Transformation R&D.
Supply Chain
Executives has identified the supply chain for both current and potential Digital Transformations. However the C-suite executives or board members delays the digital investment decisions.
Talent
Companies have confident over that talent pool for the current operations. However for digital transformation, identifying the right resource, right training & retaining the talents are the pressing needs for the organisations.
Innovation
Industries or Organisations use the advanced technology for improving productivity and operational goals. It means doing the same things better and the innovation-driven opportunities are left untapped.
PDP
(Physical to Digital to Physical)
The ability to fully harness information from connected assets and use it to drive informed decisions is crucial for implementing Industry 4.0—but it’s a goal few organizations have yet been able to fully achieve.
This list of paradox was arrived after conducting a survey from 361 business executives from organisations in seven Industries.
7 Industries already looking for Industry 4.0 Adoption,
- Aerospace and Defense
- Automotive
- Chemicals and Specialty Materials
- Industrial Manufacturing
- Metals and Mining
- Oil and Gas
- Power and utilities
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