Introduction To Industry 4.0
Introduction To Industry 4.0
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INTRODUCTION
• The very human being as a natural
concept is really going to change.
• Apart from any superfluous definitions a
single and simple one will be just the ‘ real
distinguishing between real and artificial’.
• KLAUS SCHWAB –
“ IT DOES NOT CHANGE WHAT WE
ARE DOING BUT IT CHANGES US”.
BRIEF SYNOPSIS
Introduction :
• There are nine main pillars of the Fourth Industrial Revolution,
also referred to as Industry 4.0. These pillars outline the new
technology manufacturers are using to improve all areas of
production processes.
•As more smart technologies are implemented into
manufacturing systems and processes, there is room for
enormous potential. Connected machines will interact, visualize
the production chain, and make decisions automatically and
autonomously.
Big Data Analytics
• The concept of big data applies to large, diverse and complex
datasets that affect the organizational decision making of a
company concerning their strategy.
• Therefore, the increase in level of data and improvements on
technological capabilities accelerates firms competitive advantage
by increasing productivity, innovation and competition.
• The decision makers launch big data projects to solve challenges at the
organizational level by monitoring, measuring and managing in a better
way.
• The framework of Big Data could be described as data as a tool (solve
traditional value chain problems by existing capabilities), data as an
industry (new ventures and develop software systems for handling big
data) and data as a strategy (building data resources by developing new
innovative business models).
• The process of big data analytics is to analyze the large datasets, which
gives the information about customers’ preferences, algorithms in case of
correlations, trends and other information. Big data analytics could be
used in various areas such as fault prediction to reduce error probability,
and also big data driven predictive algorithms reduce the harm before
many damages happen.
• The capability of managing big data gives a competitive advantages to
the firms, which could benefit their operations, marketing, customer
experience and more. The wider technological shifts will encourage
companies to manage mainstream business practices by increasing their
talent and infrastructure development.
Additive Manufacturing
• While manufacturers are looking to expand the use of
additive manufacturing in their processes, technologies
like 3D Printing are already playing an important role in
three key areas:
• Design: Design teams can experiment with creating more
complex geometric shapes and structures due to the
flexibility of 3D printing technology.
• Prototyping: 3D printing is often used for prototyping,
accelerating design cycles and reducing costs.
Companies are free to fail fast in a controlled environment
and explore multiple models before deciding on final
designs.
• Low-Volume Production: When only a small amount of
a product is needed, 3D printing is the fastest and most
economical production method.
Basic Idea of Additive
Manufacturing:
•Capital: Such transformation will require a huge investment in a new technology that
doesn’t sound cheap. The decision to make such transformation will have to be on CEO
level. Even then, the risks must be calculated and taken seriously. In addition, such
transformation will require a huge capital, which alienates smaller businesses and might
cost them their market share in the future.
Employment: While it still remains early to speculate on employment conditions with the
adoption of Industry 4.0 globally, it is safe to say that workers will need to acquire
different or an all-new set of skills. This may help employment rates go up but it will also
alienate a big sector workers. The sector of workers whose work is perhaps repetitive
will face a challenge in keeping up with the industry. Different forms of education must
be introduced, but it still doesn’t solve the problem for the elder portion of workers. This
is an issue that might take longer to solve and will be further analyzed later in this report.
Privacy: This not only the customer’s concern, but also the producers. In such an
interconnected industry, producers need to collect and analyze data. To the customer,
this might look like a threat to his privacy. This is not only exclusive to consumers. Small
or large companies who haven’t shared their data in the past will have to work their way
to a more transparent environment. Bridging the gap between the consumer and the
producer will be a huge challenge for both parties.
THE FUTURE WORKFORCE
• Big-Data-Driven Quality Control- Quality control process depends
largely on collecting real-time or historical data regarding the
product. However, since Industry 4.0 will rely on big data for
that, the demand for big data scientists will increase.
Robot-Assisted Production- The entire basis of the new industry
relies of the smart devices being able to interact with the
surrounding environment. Smart devices equipped with cameras,
sensors, and actuators that are able to identify the product and
then deliver the necessary changes for it.
Self-Driving Logistics Vehicles-Engineers use linear programming
methods (such as the Transportation Model) to utilize the use of
transportation. However, with self-driven vehicles, and with the
assistance of big data, so many drivers will be laid off.
Predictive Maintenance: Having smart devices will allow
manufacturers to predict failures. Smart machines will be able to
also independently maintain themselves.
Machines as a Service - The new industry will also allow
manufactures to sell a machine as a service. This means that
instead of selling the entire machine to the client, the machine
will be set-up and maintained by the manufacturer while the client
takes advantage of the services it provides.
FINAL THOUGHTS
• Industry 4.0 is definitely a revolutionary approach to
manufacturing techniques. The concept will push global
manufacturers to a new level of optimization and
productivity. Not only that, but customers will also enjoy
a new level of personally customized products that may
have never been available before. As mentioned above,
the economic rewards are immense.
• However, there are still many challenges that need to be
tackled systematically to ensure a smooth transition.
This needs to be the focus of large corporations and
governments alike. Pushing research and
experimentation in such fields are essential.
• While speculations regarding privacy, security, and
employment need more study,
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