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What is industry 4.0: 4 Key Concepts All Manufacturers Should Know

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You've heard the term "Industry 4.0", but what does it exactly include? We cover the 4 key concepts, from interoperability to decentralised decision making, using practical technologies such as IIoT and Big Data.

Published in: Technology
  • Read the original article here: https://blog.inmindcloud.com/what-is-industry-4.0-key-concepts-manufacturing
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What is industry 4.0: 4 Key Concepts All Manufacturers Should Know

  1. 1. 4 KEY CONCEPTS ALL MANUFACTURERS SHOULD KNOW WHAT IS INDUSTRY 4.0?
  2. 2. WHAT IS THE DIFFERENCE BETWEEN THE PAST WAVES OF AUTOMATION AND THIS NEW WAVE OF DIGITALISATION?
  3. 3. THE KEY HERE LIES IN HYPER-CONNECTIVITY
  4. 4. THE 4 CONCEPTS OF INDUSTRY 4.0
  5. 5. THE ABILITY OF MACHINES AND SYSTEMS TO CONNECT AND WORK WITH EACH OTHER WITHOUT RESTRICTIONS (1) INTEROPERABILITY:
  6. 6. THROUGH THE INDUSTRIAL INTERNET OF THINGS, PRODUCTS FROM SENSORS ON THE SHOP FLOOR, TO THE ERP SYSTEM, TO THE CRM FOR SALES TEAMS, CAN BE CONNECTED, ALLOWING TWO-WAY COMMUNICATION BETWEEN MACHINES.
  7. 7. WHEN YOUR MACHINES ARE SET UP TO INTERACT AND SHARE INFORMATION, THEY CAN CONNECT THE DOTS BETWEEN THEIR SYSTEMS MUCH FASTER. THAT LARGE AMOUNT OF DATA (OR BIG DATA) CAN BE ANALYSED TO REVEAL TRENDS AND PATTERNS WHEN IT COMES TO PAST OPERATIONAL INEFFICIENCIES. (2) TECHNICAL ASSISTANCE
  8. 8. AS MACHINES KEEP GATHERING NEW DATA, THEY CONTINUE TO FIGURE OUT THE MOST RELIABLE METHOD TO PRODUCE POSITIVE RESULTS, WHICH THEY CAN THEN IMPLEMENT AUTONOMOUSLY (3) DECENTRALISED DECISION MAKING
  9. 9. BY AGGREGATING RAW SENSOR DATA, THE AIM OF AUGMENTED REALITY AND VIRTUAL REALITY IS TO CREATE A VIRTUAL COPY OF THE PHYSICAL FACTORY THAT EVERYONE CAN UNDERSTAND AND ACCESS (4) INFORMATION TRANSPARENCY
  10. 10. WITH IIOT PROVIDING THE CONNECTION, BIG DATA CAN FLOURISH, AND THAT ABILITY TO ANALYSE TRENDS AND PATTERNS LEADS TO MACHINE LEARNING BECOMING USEFUL FOR MANUFACTURERS. IIOT VENDORS CAN PUSH THE LIMITS OF SMART MANUFACTURING, COSTS WILL GO DOWN, MAKING AN INVESTMENT IN AR OR VR MORE PLAUSIBLE THAN IT DID 5 YEARS AGO. IN THE END, IT IS THE COMBINATION THAT MATTERS
  11. 11. Learn about �In Mind Cloud's CPQ in our 2-minute explainer video.

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