The document discusses Industry 4.0, also known as the Fourth Industrial Revolution. It involves the increased automation and data exchange in manufacturing through technologies like cyber-physical systems, the internet of things, cloud computing, and cognitive computing. Industry 4.0 aims to create smart factories where cyber-physical systems can monitor processes, create virtual copies, and make decentralized decisions in real-time. It originated from a German government initiative to further computerize manufacturing. The document also discusses how Industry 4.0 could impact jobs and discusses India's preparations for Industry 4.0 through initiatives like developing its first smart factory.
1. MADE BY:
MD IMRAN
What if existing manufacturing and large technological innovations came
together to create the next big manufacturing reinvention? Bingo.
This is the fourth manufacturing revolution, its happening right now.
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2. Industrial Revolution refers to the innovative
transition in the various manufacturing aspects like
materials, energy sources, machineries, organization
structure, transport and communication and other non
technical aspects, etc.
3. INTRODUCTION
I4.0 (FOURTH INDUSTRIAL REVOLUTION)
Industry 4.0 is a name given to the current trend of automation and data
exchange in manufacturing technologies. It includes cyber-physical systems, the
Internet of things, cloud computing and cognitive computing. Industry 4.0 is
commonly referred to as the fourth industrial revolution.
Industry 4.0 fosters what has been called a "smart factory". Within modular
structured smart factories, cyber-physical systems monitor physical processes,
create a virtual copy of the physical world and make decentralized decisions. Over
the Internet of Things, cyber-physical systems communicate and cooperate with
each other and with humans in real-time both internally and across organizational
services offered and used by participants of the value chain.
The term "Industry 4.0" originates from a project in the high-tech strategy of the
German government, which promotes the computerization of manufacturing.
“Mastering the Fourth Industrial Revolution” was the theme of the World
Economic Forum Annual Meeting 2016 in Davos-Klosters, Switzerland.
5. Industry 4.0
Four Design Principles
1. Interconnection: The ability of machines, devices, sensors, and people to connect and
communicate with each other via the Internet of Things (IoT) or the Internet of People (IoP).
7. POTENTIAL IMPLICATIONS
Robot Assisted production
Predictive Maintenance
Additive manufacturing of complex parts
Machines as a service
Big data drive quality control
Production line simulation
Smart supply network
8. Source : BDC / Survey on Industry 4.0 in the Canadian manufacturing sector, 2017
13. TOWARDS SMART MANUFACTURING: INDUSTRY 4.O AND INDIA
According to an analysis by McKinsey, if Indian companies adopt Industry 4.0 across functions such as
manufacturing, supply chain, logistics and procurement, they can enhance their operating profits by 40% at
less than 10% of the planned capital expenditure.
How is India preparing for Industry 4.0?
• According to IBEF, the Government of India plans to increase the contribution of manufacturing sector
to 25% of Gross Domestic Product (GDP) by 2025, from the current level of 16%. India is also prepared to
face global competition by undertaking the Make in India program. It is all set to lead the world with Smart
Manufacturing.
• India’s first Smart factory is being set up at Bengaluru. This smart factory powered by data exchange in
manufacturing and the Internet of Things (IoT). This Smart Factory is being developed at the Indian Institute
of Science’s (IISc) Centre for Product Design and Manufacturing (CPDM) with funding from The Boeing
Company.
• Bosch, a German auto component manufacturer will begin implementation of smart manufacturing at its 15
centres in India.
• Andhra Pradesh government aims to turn the state into an Internet of Things (IoT) hub by 2020. The state
government plans to set up 10 IoT hubs with the participation of the private sector which will create 50,000
direct employment in various IoT verticals.
SOURCE: https://www.proschoolonline.com/blog/what-is-industry-4-0-and-is-india-prepared-for-the-change
14. “You cannot wait until a house burns down to buy fire insurance on it. We cannot
wait until there are massive dislocations in our society to prepare for the Fourth
Industrial Revolution.”
Robert J. Shiller
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