The document discusses Industry 4.0, which refers to the current trend of automation and data exchange in manufacturing technologies. It describes the four industrial revolutions from the initial mechanization of production to the current digitalization of manufacturing. Key aspects of Industry 4.0 include cyber-physical systems, the internet of things, cloud computing, and artificial intelligence. The document outlines the vision, drivers, components, characteristics, and design principles of Industry 4.0 as well as emerging technologies like 3D printing, drones, and blockchain. Both the benefits and challenges of Industry 4.0 for business are addressed.
The document discusses Industry 4.0, which refers to the current trend of automation and data exchange in manufacturing technologies. It describes the four industrial revolutions from the initial use of water and steam power to modern digitalization and cyber-physical systems. Industry 4.0 is defined as the integration of these technologies in manufacturing. The key pillars that enable Industry 4.0 are cyber-physical systems, the internet of things, cloud computing, cognitive computing, and the smart factory. Benefits include increased customization, optimization and research, while challenges involve security, employment impacts, and capital requirements for the transition.
From the first British Industrial Revolution to the Fourth Industry Revolution otherwise known as industry 4.0, there has been continuous digitalization revolution that is changing the way we live, interact and communicates as well as transacting. Today manufacturing companies are moving away from mass production to mass customization production due to radical transformation of technological advancement which is revolutionizing the entire industry. The world is witnessing radical transformation that is changing the landscape of manufacturing industry. With the industry 4.0 begins to take shape, traditional manufacturing is in the zenith of radical digital transformation.
ARE YOU READY FOR THE RADICAL TRANSFORMATION OF THE INDUSTRY OF THE FUTURE (INDUSTRY 4.0)
The document discusses Industry 4.0 (the Fourth Industrial Revolution). It provides an overview of the four industrial revolutions from the initial steam power revolution to the current digital revolution. Industry 4.0 is characterized by cyber-physical systems and the integration of smart factory technologies enabled by eight key technologies including AI, IoT, cloud computing and 3D printing. The document outlines the vision, components, characteristics, benefits and challenges of Industry 4.0 and provides business examples of its implementation.
The presentation considers where we are today in manufacturing and how we may come to be a futuristic manufacturing nation and your potential role in fulfilling the dream.
Industry 4.0 refers to the fourth industrial revolution characterized by cyber-physical production systems. It builds on previous industrial revolutions driven by steam, electricity, and computers by introducing cyber-physical systems and the internet of things into manufacturing. Key technologies enabling Industry 4.0 include advanced robotics, artificial intelligence, the internet of things, cloud computing, and cybersecurity. While Industry 4.0 promises benefits like increased productivity and flexibility, it also faces challenges around skills, job disruption, security, and unclear economic benefits.
Industry 4.0: from Factory to Smactory
It is August the 18th of 2014 when a German government official press ‘post’ on an update called: "Zukunftsprojekt Industrie 4.0”, not knowing that this Industry number will complete transform the way we traditionally did business. Where business transformation in prior times mostly affected individual entities of businesses, this transformation affects the whole business eco-system. The announcement, posted on the “Bundesministerium fur Bildung und Forschung ” or, in English, the:”Federal ministry of education and Research” quoted the following key message:
“The future project Industry 4.0 aims to enable the German industry in a position to be ready for the future of production. Industrial production will be characterized by strong personalization of products under the conditions of high flexibilised (high-volume) production, the extensive integration of customers and business partners in business and value creation processes and the coupling of production and quality services.”
Industry 4.0, where disruption meets the manufacturing industry
According the Cambridge Online Dictionary is revolution something that is: ‘a very important change in the way that people do things’ or ‘one complete circular movement of something’. That Industry 4.0 is a industrial revolution is an understatement. Industry 4.0 is a big disruption in the economy & the way we (will) do business in the future. Before deep dive directly into Industry 4.0 let us have a closer look to the road towards it...
Hiotron is a Best IoT Solutions & Service Provider.docxhIOTron
In recent years, the concept of Industry 4.0 has emerged as a groundbreaking approach to manufacturing, redefining the way businesses operate and reshaping the global industrial landscape. Hiotron is a Best IoT Solutions & Service Provider.
The document discusses Industry 4.0, which refers to the current trend of automation and data exchange in manufacturing technologies. It describes the four industrial revolutions from the initial use of water and steam power to modern digitalization and cyber-physical systems. Industry 4.0 is defined as the integration of these technologies in manufacturing. The key pillars that enable Industry 4.0 are cyber-physical systems, the internet of things, cloud computing, cognitive computing, and the smart factory. Benefits include increased customization, optimization and research, while challenges involve security, employment impacts, and capital requirements for the transition.
From the first British Industrial Revolution to the Fourth Industry Revolution otherwise known as industry 4.0, there has been continuous digitalization revolution that is changing the way we live, interact and communicates as well as transacting. Today manufacturing companies are moving away from mass production to mass customization production due to radical transformation of technological advancement which is revolutionizing the entire industry. The world is witnessing radical transformation that is changing the landscape of manufacturing industry. With the industry 4.0 begins to take shape, traditional manufacturing is in the zenith of radical digital transformation.
ARE YOU READY FOR THE RADICAL TRANSFORMATION OF THE INDUSTRY OF THE FUTURE (INDUSTRY 4.0)
The document discusses Industry 4.0 (the Fourth Industrial Revolution). It provides an overview of the four industrial revolutions from the initial steam power revolution to the current digital revolution. Industry 4.0 is characterized by cyber-physical systems and the integration of smart factory technologies enabled by eight key technologies including AI, IoT, cloud computing and 3D printing. The document outlines the vision, components, characteristics, benefits and challenges of Industry 4.0 and provides business examples of its implementation.
The presentation considers where we are today in manufacturing and how we may come to be a futuristic manufacturing nation and your potential role in fulfilling the dream.
Industry 4.0 refers to the fourth industrial revolution characterized by cyber-physical production systems. It builds on previous industrial revolutions driven by steam, electricity, and computers by introducing cyber-physical systems and the internet of things into manufacturing. Key technologies enabling Industry 4.0 include advanced robotics, artificial intelligence, the internet of things, cloud computing, and cybersecurity. While Industry 4.0 promises benefits like increased productivity and flexibility, it also faces challenges around skills, job disruption, security, and unclear economic benefits.
Industry 4.0: from Factory to Smactory
It is August the 18th of 2014 when a German government official press ‘post’ on an update called: "Zukunftsprojekt Industrie 4.0”, not knowing that this Industry number will complete transform the way we traditionally did business. Where business transformation in prior times mostly affected individual entities of businesses, this transformation affects the whole business eco-system. The announcement, posted on the “Bundesministerium fur Bildung und Forschung ” or, in English, the:”Federal ministry of education and Research” quoted the following key message:
“The future project Industry 4.0 aims to enable the German industry in a position to be ready for the future of production. Industrial production will be characterized by strong personalization of products under the conditions of high flexibilised (high-volume) production, the extensive integration of customers and business partners in business and value creation processes and the coupling of production and quality services.”
Industry 4.0, where disruption meets the manufacturing industry
According the Cambridge Online Dictionary is revolution something that is: ‘a very important change in the way that people do things’ or ‘one complete circular movement of something’. That Industry 4.0 is a industrial revolution is an understatement. Industry 4.0 is a big disruption in the economy & the way we (will) do business in the future. Before deep dive directly into Industry 4.0 let us have a closer look to the road towards it...
Hiotron is a Best IoT Solutions & Service Provider.docxhIOTron
In recent years, the concept of Industry 4.0 has emerged as a groundbreaking approach to manufacturing, redefining the way businesses operate and reshaping the global industrial landscape. Hiotron is a Best IoT Solutions & Service Provider.
Industry 4.0 represents the fourth industrial revolution in manufacturing and industry. Industry 4.0 is the current industrial transformation with automation, data exchanges, cloud, cyber-physical systems, robots, Big Data, AI, IoT and (semi-)autonomous industrial techniques to realize smart industry and manufacturing goals in the intersection of people, new technologies and innovation. IoT (Internet of Things), the convergence of IT and OT, rapid application development, digital twin simulation models, cyber-physical systems, advanced robots and cobots, additive manufacturing, autonomous production, consistent engineering across the entire value chain, thorough data collection and provisioning, horizontal and vertical integration, the cloud, big data analytics, virtual/augmented reality and edge computing amidst a shift of intelligence towards the edge (artificial intelligence indeed with a convergence of AI and IoT and other technologies): these are some of the essential technological components of the fourth industrial revolution. Those are quite a lot of terms and components indeed. Yet, Industry 4.0 is a rather vast vision and, increasingly, a vast reality that also stretches beyond merely these technological aspects. It is an end-to-end industrial transformation.
The industry 4.0 resets the competitive landscape in a scale never seen before. The 2nd wave delivers unparalleled opportunities for growth and productivity for Pakistani’s government, business and industry. Redefining the next digital frontier with new services, business model, smart products and creates the next generation of operational excellence, smart automation for regulatory adoption, connectivity and alignment across the value chain.
Industrie4.0 smart manufacturing for the futureEvandro MINATO
The document discusses Industrie 4.0, Germany's strategic initiative to take a pioneering role in industrial IT and remain globally competitive. Industrie 4.0 represents the coming fourth industrial revolution through the integration of cyber-physical systems and the internet of things. This will connect embedded system production technologies and smart production processes to transform industry and business models. Germany is well positioned to be a leader in this area due to its strengths in manufacturing, automation, embedded systems research, and industrial networks.
Kai Salminen - Industry 4.0 – Open your mind to ”Robot Revolution” and relate...Mindtrek
Kai Salminen at Mindtrek 2016. Industry 4.0 – Open your mind to ”Robot Revolution” and related new Business Models. Smart System driven transformation for growth
within EU, Japan and US and related Business Intelligence development for new cognitive factory and business models.
Industry 4.0 refers to the current trend of automation and deployment of Internet technologies
in manufacturing. This includes using machine-to-machine and Internet of Things (IoT) deployments to help
manufacturers implement increased automation, improved communication and process monitoring. This trend
of Industry 4.0 (sometimes referred to as the 4th Industrial Revolution) affects most processes and people
throughout society. This paper provides a brief introduction to Industry 4.0.
Industry 4.0 refers to the fourth industrial revolution driven by advancements in cyber-physical systems and the integration of automation, manufacturing technologies, and data exchange. The document outlines the evolution from Industry 1.0's mechanical production facilities to Industry 2.0's electrical energy-powered assembly lines to Industry 3.0's electronics automation to today's Industry 4.0 characterized by the Internet of Things. Industry 4.0 improves manufacturing through supply chain management, predictive maintenance, and optimization using technologies like big data, the industrial internet, and cybersecurity. Potential benefits include reduced costs and downtime, while challenges involve integrating diverse data sources and selecting qualified partners.
The survey revealed that respondents consider Industry 4.0 manufacturing as a crucial initiative, with 90% expressing the belief that it will have a significant impact in the next five years.
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.
Industry 4.0 is the current trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, the Internet of things and cloud computing. Industry 4.0 creates what has been called a “smart factory
Industry 5.0 aims to support humans by finding an optimal balance of efficiency and productivity through collaboration between humans and robots. It builds on advancements from previous industrial revolutions by leveraging technologies like the Internet of Things and big data to add a personal human touch to automation. The progress of Industry 5.0 through this human-machine collaboration is seen as unavoidable and will benefit areas like business models, profitability, productivity, security, safety, and skills development.
The document discusses the digital revolution in the textile industry and Industry 4.0. It highlights that Industry 4.0 combines modern production processes with the Internet of Things to connect manufacturing systems. This allows for collection and analysis of data to drive more intelligent actions. The document also discusses how various digital technologies like IoT, robotics, artificial intelligence, and enterprise resource planning can be applied in the textile industry to optimize operations and increase productivity. In conclusion, it states that the adoption of Industry 4.0 technologies has made smart connected products the foundation for new business models in the textile industry.
Hiotron is a Best IoT Solution for Smart Factory Pune.docxhIOTron
Build end-to-end IoT eco-system with multiple wireless sensor nodes connected to the IoT Gateway as a Hardware client, Front end custom mobile App/Dashboard as a Front end client & Custom platform as an IoT platform including implementation of top 5 Industrial IoT case studies. Hiotron is a Best IoT Solution for Smart Factory Pune
View More at: https://www.hiotron.com/
The document discusses Industry 4.0, which refers to the combination of digital technologies transforming manufacturing, including robotics, AI, sensors, IoT, analytics, and more. It describes how these technologies are poised to reshape manufacturing through interconnected global value chains and smart factories. The document outlines the main Industry 4.0 principles of interoperability, transparency, assistance, and decentralized decisions. It also discusses the impacts on employees, value chains, investments, and use cases combining Industry 4.0 with lean production. Experts comment that Industry 4.0 has great potential through data-driven applications tailored for customers to automate processes and monitoring.
Find out what the term Industry 4.0 means, where it originated from, and the opportunities and challenges that could be faced by Manufacturers, in the dawning of the 4th Industrial Revolution.
This document discusses the evolution of industry from Industry 1.0 to the current Industry 4.0. Industry 1.0 involved manual labor and animal power, while Industry 2.0 introduced electricity and factory automation. Industry 3.0 brought electronics and software systems for further automation. Now in Industry 4.0, machines are connected through technologies like the internet of things to share information and guide intelligent actions through data analysis. The document also briefly introduces Industry 5.0, which aims to merge cognitive computing with human skills to focus on human well-being rather than just profits through more sustainable circular production models.
Industry 4.0, also known as the Fourth Industrial Revolution, refers to the increasing digital connectivity between customers, products, processes and factories through emerging technologies like the Internet of Things, cloud computing, and automation. This digital transformation of manufacturing is expected to dramatically change how things are designed, made and sold over the next 5-10 years. While early adopters will reap rewards, businesses face challenges like securing intellectual property in an increasingly connected environment and developing workforces with the skills to understand and manage complex, data-driven operations. Planning for this digital future through skills development, technology roadmaps, and pilot projects will help businesses stay competitive.
Find out what is Industry 4.0 by exploring the historical revolution of Industries. Also explore the principles, goal and components of industry 4.0. This article will help you to find the benefits and biggest challenges in participating fourth industrial revolution industry 4.0
This document provides a historical overview of the development of the internet and web from the 1980s to present. It describes the evolution from early internet infrastructure in the 1980s, the launch of the world wide web in the 1990s (Web 1.0), the rise of social media and user-generated content in the 2000s (Web 2.0), and proposes concepts for the next stages of developments including more personalized experiences (Web 3.0, Mobile 3.0, etc). The document traces key technological developments, companies, and trends that helped drive these changes from passive, read-only experiences to more active, user-driven and personalized interactions online and through mobile devices.
Industry 4.0 represents the fourth industrial revolution in manufacturing and industry. Industry 4.0 is the current industrial transformation with automation, data exchanges, cloud, cyber-physical systems, robots, Big Data, AI, IoT and (semi-)autonomous industrial techniques to realize smart industry and manufacturing goals in the intersection of people, new technologies and innovation. IoT (Internet of Things), the convergence of IT and OT, rapid application development, digital twin simulation models, cyber-physical systems, advanced robots and cobots, additive manufacturing, autonomous production, consistent engineering across the entire value chain, thorough data collection and provisioning, horizontal and vertical integration, the cloud, big data analytics, virtual/augmented reality and edge computing amidst a shift of intelligence towards the edge (artificial intelligence indeed with a convergence of AI and IoT and other technologies): these are some of the essential technological components of the fourth industrial revolution. Those are quite a lot of terms and components indeed. Yet, Industry 4.0 is a rather vast vision and, increasingly, a vast reality that also stretches beyond merely these technological aspects. It is an end-to-end industrial transformation.
The industry 4.0 resets the competitive landscape in a scale never seen before. The 2nd wave delivers unparalleled opportunities for growth and productivity for Pakistani’s government, business and industry. Redefining the next digital frontier with new services, business model, smart products and creates the next generation of operational excellence, smart automation for regulatory adoption, connectivity and alignment across the value chain.
Industrie4.0 smart manufacturing for the futureEvandro MINATO
The document discusses Industrie 4.0, Germany's strategic initiative to take a pioneering role in industrial IT and remain globally competitive. Industrie 4.0 represents the coming fourth industrial revolution through the integration of cyber-physical systems and the internet of things. This will connect embedded system production technologies and smart production processes to transform industry and business models. Germany is well positioned to be a leader in this area due to its strengths in manufacturing, automation, embedded systems research, and industrial networks.
Kai Salminen - Industry 4.0 – Open your mind to ”Robot Revolution” and relate...Mindtrek
Kai Salminen at Mindtrek 2016. Industry 4.0 – Open your mind to ”Robot Revolution” and related new Business Models. Smart System driven transformation for growth
within EU, Japan and US and related Business Intelligence development for new cognitive factory and business models.
Industry 4.0 refers to the current trend of automation and deployment of Internet technologies
in manufacturing. This includes using machine-to-machine and Internet of Things (IoT) deployments to help
manufacturers implement increased automation, improved communication and process monitoring. This trend
of Industry 4.0 (sometimes referred to as the 4th Industrial Revolution) affects most processes and people
throughout society. This paper provides a brief introduction to Industry 4.0.
Industry 4.0 refers to the fourth industrial revolution driven by advancements in cyber-physical systems and the integration of automation, manufacturing technologies, and data exchange. The document outlines the evolution from Industry 1.0's mechanical production facilities to Industry 2.0's electrical energy-powered assembly lines to Industry 3.0's electronics automation to today's Industry 4.0 characterized by the Internet of Things. Industry 4.0 improves manufacturing through supply chain management, predictive maintenance, and optimization using technologies like big data, the industrial internet, and cybersecurity. Potential benefits include reduced costs and downtime, while challenges involve integrating diverse data sources and selecting qualified partners.
The survey revealed that respondents consider Industry 4.0 manufacturing as a crucial initiative, with 90% expressing the belief that it will have a significant impact in the next five years.
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.
Industry 4.0 is the current trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, the Internet of things and cloud computing. Industry 4.0 creates what has been called a “smart factory
Industry 5.0 aims to support humans by finding an optimal balance of efficiency and productivity through collaboration between humans and robots. It builds on advancements from previous industrial revolutions by leveraging technologies like the Internet of Things and big data to add a personal human touch to automation. The progress of Industry 5.0 through this human-machine collaboration is seen as unavoidable and will benefit areas like business models, profitability, productivity, security, safety, and skills development.
The document discusses the digital revolution in the textile industry and Industry 4.0. It highlights that Industry 4.0 combines modern production processes with the Internet of Things to connect manufacturing systems. This allows for collection and analysis of data to drive more intelligent actions. The document also discusses how various digital technologies like IoT, robotics, artificial intelligence, and enterprise resource planning can be applied in the textile industry to optimize operations and increase productivity. In conclusion, it states that the adoption of Industry 4.0 technologies has made smart connected products the foundation for new business models in the textile industry.
Hiotron is a Best IoT Solution for Smart Factory Pune.docxhIOTron
Build end-to-end IoT eco-system with multiple wireless sensor nodes connected to the IoT Gateway as a Hardware client, Front end custom mobile App/Dashboard as a Front end client & Custom platform as an IoT platform including implementation of top 5 Industrial IoT case studies. Hiotron is a Best IoT Solution for Smart Factory Pune
View More at: https://www.hiotron.com/
The document discusses Industry 4.0, which refers to the combination of digital technologies transforming manufacturing, including robotics, AI, sensors, IoT, analytics, and more. It describes how these technologies are poised to reshape manufacturing through interconnected global value chains and smart factories. The document outlines the main Industry 4.0 principles of interoperability, transparency, assistance, and decentralized decisions. It also discusses the impacts on employees, value chains, investments, and use cases combining Industry 4.0 with lean production. Experts comment that Industry 4.0 has great potential through data-driven applications tailored for customers to automate processes and monitoring.
Find out what the term Industry 4.0 means, where it originated from, and the opportunities and challenges that could be faced by Manufacturers, in the dawning of the 4th Industrial Revolution.
This document discusses the evolution of industry from Industry 1.0 to the current Industry 4.0. Industry 1.0 involved manual labor and animal power, while Industry 2.0 introduced electricity and factory automation. Industry 3.0 brought electronics and software systems for further automation. Now in Industry 4.0, machines are connected through technologies like the internet of things to share information and guide intelligent actions through data analysis. The document also briefly introduces Industry 5.0, which aims to merge cognitive computing with human skills to focus on human well-being rather than just profits through more sustainable circular production models.
Industry 4.0, also known as the Fourth Industrial Revolution, refers to the increasing digital connectivity between customers, products, processes and factories through emerging technologies like the Internet of Things, cloud computing, and automation. This digital transformation of manufacturing is expected to dramatically change how things are designed, made and sold over the next 5-10 years. While early adopters will reap rewards, businesses face challenges like securing intellectual property in an increasingly connected environment and developing workforces with the skills to understand and manage complex, data-driven operations. Planning for this digital future through skills development, technology roadmaps, and pilot projects will help businesses stay competitive.
Find out what is Industry 4.0 by exploring the historical revolution of Industries. Also explore the principles, goal and components of industry 4.0. This article will help you to find the benefits and biggest challenges in participating fourth industrial revolution industry 4.0
This document provides a historical overview of the development of the internet and web from the 1980s to present. It describes the evolution from early internet infrastructure in the 1980s, the launch of the world wide web in the 1990s (Web 1.0), the rise of social media and user-generated content in the 2000s (Web 2.0), and proposes concepts for the next stages of developments including more personalized experiences (Web 3.0, Mobile 3.0, etc). The document traces key technological developments, companies, and trends that helped drive these changes from passive, read-only experiences to more active, user-driven and personalized interactions online and through mobile devices.
The document defines advertising and provides characteristics and classifications of advertising. It states that advertising is a paid, non-personal communication through mass media by an identified sponsor to inform or influence buyers. Advertising can be classified by function, region targeted, company demand, desired response, and media used. The purpose of advertising is to disseminate information, establish attitudes, and persuade action to generate profit.
This document discusses advertising and public relations. It defines advertising as paid communication through mass media to promote products and organizations. The document outlines different types of advertising, including institutional, advocacy, pioneer and competitive advertising. It also describes the process for developing an advertising campaign, including determining objectives and budgets, creating media plans, developing messages and evaluating effectiveness. Additionally, the document defines public relations and examines common public relations tools like news releases, feature articles and press conferences. It discusses evaluating public relations efforts and dealing with unfavorable publicity.
This document provides information about various MBA programs and career options after completing a B.Com degree. It discusses the eligibility requirements and selection process for MBA programs in different specializations such as finance, marketing, HR, international business, operations management, rural management, and agri business management. It also provides details about the CAT exam syllabus and important dates. Finally, it summarizes some top career prospects and colleges for each MBA specialization.
E-business has changed the definition of enterprise systems by pushing ERP beyond internal processes to network edges and enabling business-to-business and business-to-customer connections. Integrating ERP with e-business allows companies to standardize processes, share information electronically with partners, improve supply chain management, and optimize internal and external business value chains. This creates strategic opportunities to enhance customer service and gain operational efficiencies through streamlined, collaborative business processes.
This document discusses trends in ERP systems including cloud ERP, open source ERP, mobile ERP, social ERP, and data. It outlines different cloud computing models like public, private, and hybrid clouds. It also discusses software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS). The document compares SaaS and open source ERP and discusses considerations around customization, support, updates, and security. It also covers how mobile, social, and big data trends are influencing ERP and enabling new capabilities like analytics and real-time decision making. The conclusion states that ERP systems will become easier to use and be impacted by cloud
Material management involves planning, organizing, and controlling the flow of materials from initial purchase through internal use. The key aims are to obtain the right quality and quantity of supplies at the right time, place, and cost. Effective material management requires forecasting demand, purchasing the correct items, storing materials properly, and using inventory control techniques like economic order quantity and ABC analysis to minimize costs while maintaining adequate stock levels. Proper procurement, storage, and inventory control are essential elements of ensuring materials are available as needed.
The document discusses the philosophy and key elements of Just-in-Time (JIT) operations. It explains that JIT focuses on eliminating waste and getting the right quantity of goods at the right place and time. Key elements include JIT manufacturing using a pull production system, total quality management, and respect for employees. The document also provides examples of companies that have successfully implemented JIT strategies like Toyota.
The document discusses just-in-time (JIT) and lean operations. It originated in the 1960s at Toyota and was later adopted by other automakers. JIT aims to increase productivity and quality while reducing costs and waste. Benefits include reduced throughput times, inventory, and resource needs. Key elements are eliminating waste, quality at the source, balanced workflow, continuous improvement, and focusing on customer needs. The document outlines various JIT concepts and how they can be applied to non-manufacturing operations through techniques like demand-pull and standardizing processes.
This document provides information about the International Organization for Standardization (ISO). It discusses that ISO is not an acronym but comes from the Greek word "isos" meaning equal. ISO is a voluntary organization with members from each country that develops technical standards to ensure quality and reliability. The document outlines the history of quality standards development from World War II publications to the adoption of ISO 9000 standards in 1987. It also summarizes ISO's structure, membership, financing, goals and some of its achievements in developing international standards.
This document discusses Scrum vs Kanban project management approaches. It summarizes the University of California's experience trying Scrum on the President's Postdoctoral Fellowship Program project, which went over budget and schedule. Issues included inaccurate estimates, long stand-ups, and taking on too large a project for their first Scrum attempt. They then brought in an Agile coach and transitioned to a hybrid Scrumban approach. It also provides an example of using Kanban for a smaller donation form project and advice to start with a small project when first adopting an Agile methodology.
The document describes how a Kanban system works using an example of balls being delivered from a warehouse to a point of use. It shows the workflow over the course of a week with the collector exchanging Kanban cards between the warehouse and point of use each day. Some key considerations are that the work in progress is kept under control, and the actual lead time needs to be calculated more precisely to ensure there are enough Kanban cards to avoid stockouts. The number of cards may need to start higher and then be reduced over time as the system stabilizes.
This document provides an overview of the Internet of Things (IoT), including its history, definition, how it works, examples of IoT devices, benefits to organizations, importance, applications, challenges, and advantages and disadvantages. It discusses how IoT works through sensors that collect data, connectivity to send data to the cloud, data processing, and user interfaces. Some key IoT applications mentioned include smart thermostats, connected cars, activity trackers, and smart cities. The document also outlines challenges around testing, security, software complexity, and data volumes, as well as advantages such as access to information from anywhere and automating tasks.
This document discusses the Fourth Industrial Revolution and the role of big data. It begins by providing background on the previous industrial revolutions. The fourth revolution will involve artificial intelligence and machines communicating and learning from each other. It then defines different types of data (structured, unstructured, semi-structured, metadata) and characteristics of big data (volume, variety, velocity, variability). The document outlines benefits and drawbacks of big data, and how big data will play a key role in Industry 4.0 by improving manufacturing efficiency and potentially creating new jobs in data analysis. Finally, it discusses how big data will impact other industries beyond manufacturing like financial services.
The document discusses emerging global trends in the Internet of Things (IoT). It provides examples of consumer IoT products like smart helmets, fitness trackers, smart home devices, and medical devices. It also discusses enterprise and industrial IoT applications in areas like smart farming, manufacturing, and logistics. Some key challenges with IoT include security, privacy, reliability of sensors, and integrating legacy systems. Steps that need to be taken to address IoT challenges include improving consumer education, security requirements, certification programs, and government initiatives.
This document provides an overview of the Internet of Things (IoT). It begins with definitions of IoT and describes how it works by connecting physical objects through sensors, software and network connectivity. It then discusses the current status and future prospects of IoT, including applications in various industries. The document outlines some of the technological challenges of IoT, such as scalability, standardization, and data volumes. It also notes some criticisms around privacy, security and how IoT could impact human behavior. In closing, it thanks the audience and provides references for further information.
Machine learning is a subset of artificial intelligence that allows machines to learn from experience without being explicitly programmed. There are three main types of machine learning: supervised learning where machines are provided labeled input and output data to learn patterns and make predictions, unsupervised learning where machines find hidden patterns in unlabeled data, and reinforced learning where machines learn through trial and error using a reward system.
This document discusses various topics relating to electronic payment systems. It begins by outlining different types of money, including fiduciary vs. scriptural money and token vs. notational money. It then examines different types of payment systems such as cash, credit cards, intermediaries like PayPal, and smart cards. The document provides details on how these various payment methods work, including descriptions of protocols like SSL and diagrams of processes. It concludes with a discussion of key concepts like the security of electronic payments and trends in emerging payment technologies.
This document provides an overview of advertising agencies and their structure and functions. It discusses the key departments within agencies, including account management, creative, media, research, and support functions. It also outlines typical roles within each department and how agencies generate revenue through commissions, fees, and incentives.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
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How to Implement a Real Estate CRM SoftwareSalesTown
To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
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Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
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This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
2. Table of Content
Motivation
Introduction
Industrial Revolution
(Industry 4.0)
Industry 4.0
Vision of Industry 4.0
Reasons for Industry 4.0
Components of Industry 4.0
Characteristics of Industry 4.0
Design Principles of Industry 4.0
Essential eight technologies
The Benefits and the Challenges
Race for the future
Business life example
3. Objective
By the end of this presentation, student will be able to know;
Originate of industry 4.0
Pillars and key emerging technology in the Fourth Industrial revolution
Impact of the industry 4.0 and future challenges
Business life examples
5. Introduction
We have been surrounded by advanced technologies which are transforming
every aspect of our life as well as the entire manufacturing processes.
From the First British Industrial Revolution to the Fourth Industry
Revolution otherwise known as industry 4.0, there has been continuous
digitalization revolution that is changing the way we live, interact and
communicates as well as transacting.
6. Introduction…
The 18th century and 19th century period were predominately agrarian rural
societies in Europe and growth of industries with large factories, mass
production, increasing demand for workforce and desire for high
profitability.
The 18th-century initial industrial revolution laid fundamental landmark to
modern technological change and urban societies today.
8. First Industrial Revolution
Period between 1760-1830
Witnessed the exponential growth of
machinery, mechanization in production
with the help of water and steam power
Initially, before the First Industrial
Revolution, manufacturing was done with
simple tools and there were unskilled
workers who worked under unbearable
conditions
9. Second Industrial
Revolution
Period between 1870-1969
Witnessed electric power generator
Replaced water and steam-powered
engines
Large-scale production, large factories
such as steel revolution in manufacturing
factories
Advent of the assembly line, and electric
power revolution, telephone as well as
refrigerators and washing machines.
10. Third Industrial
Revolution
Period between 1970-1990 (digital
revolution).
Categorized by automating production
and information technology.
Comes with an enormous change in
manufacturing
industries with digitalization that
and
transformed
automation
This period witnessed exponential
technological changes like 3D printing, Big
Data, modern technology in mechanical
devices instead of analogue electronics
11. Fourth Industrial
Revolution
4IR or Industrial 4.0 is witnessing a
drastically and exponential change that is
transforming how people working with
like computers to electronic
working and helping human
devices
devices
beings.
The Fourth Industrial is a continuation of
the Third Industrial Revolution that was
categorized with digitalization and
automation manufacturing
12. Fourth Industrial Revolution…
The Fourth Industrial Revolution is a cyber-physical system characterized by a physical, digital
and biological sphere which is transforming and impacting all work of life including
economics and industries.
İt is witnessing the growth of 3D printing, Intellectual property (IP), Artificial Intelligence (AI),
smart robots and automation, quantum computing, Internet of Things (IoT), drones, the
blockchain, and use of Big data.
The Fourth Industrial Revolution gained interest from investors and world leaders and become
a field of importance of conversation and debates at the World Economic Forum chaired by
founder and Executive Chairman, Klaus Schwab.
Klaus Schwab stated that “the question is not am I going to be disrupted but when is
disruption coming, what form will it take and how will it affect me and my organization?”
15. Industry 4.0
The term “Industry 4.0” originated in 2011 at the Hanover Fair in
Germany.
Industry 4.0 is known as “Industrie 4.0’’in Germany, “Connected
Enterprise” in the United States and the “Fourth Industrial Revolution” in
the United Kingdom
Industry 4.0 or “Industrie 4.0 came as a result of the Germany initiative to
enhance competitiveness in a manufacturing industry. Germany Federal
Government vision for a high-Tech strategy for 2020 gave birth to the
buzzword “Industrie 4.0”.
16. Definition of the Term
Despite this widely discussed buzzword, there is no clear definition of the term.
Industry 4.0 was defined in terms of Smart Industry or “Industrie 4.0” which refers
to the technological evolution from embedded systems to cyber-physical
systems.
Industry 4.0 can also be referred to as “a name for the current trend of automation
and data exchange in manufacturing technologies, including cyber-physical
systems, the Internet of things, cloud computing and cognitive computing and
creating the smart factory” (Wikipedia source accessed November, 2018).
18. Reasons for Industry 4.0
Solution for manufacturing challenges
Manufacturing transformation:
Co-producer’s consumers.
(“Made-for-Me”). Produce the right product for the consumers at the
right time and for the right price.
19. Reasons for Industry 4.0…
Humans into the center of production. Enriched and humanized work.
Coordinated work..
Sustainable prosperity. The traditional manufacturing will soon be
surrounded and cornered by the modern, flexible Fourth Industrial
Revolution industry of the future
20. Components of Industry
4.0
Search Term (Group)
Number of Publications in
Which
Search Term (Group)
Occurred
Cyber-Physical Systems, Cyber-Physikalische Systeme,
CPS 46
Internet of Things, Internet der Dinge 36
Smart Factory, intelligente Fabrik 24
Internet of Services, Internet der Dienste 19
Smart Product, intelligentes Produkt 10
M2M, Machine-to-Machine 8
Big Data 7
Cloud 5
These components were identified based on
the number of publication in which the
search term occurred and often cited
definitions
Cyber-physical System (CPS),
Internet of Things (IoTs),
Internet of Service (IoSs) and
Smart Factory (SF).
21. Characteristics of Industry 4.0
Vertical networking of Smart Production System.
Horizontal Integration via a new generation of global value networks
Through-engineering across the entire value chain
Acceleration through exponential technologies
23. Design Principles of
Industry 4.0
Cyber-Physical
Systems
Internet of
Things
Internet of
Services
Smart
Factory
Interoperability
X
X X X
Virtualization
X
- - X
Decentralization X - - X
Real-Time Capability - - - X
Service Orientation - - X -
Modularity - - X -
These principles support companies in
identifying and implementing Industry 4.0
scenarios
Interoperability
Virtualization
Decentralized decisions
Real Time Capabilities
Services Orientation.
Modularity
24. Nine Pillars of Industry
4.0
We are in the midst of a fourth wave of
technological advancement: the rise of new
digital industrial technology known as
Industry 4.0, a transformation that is
powered by nine foundational technology
advances.
25. Essential eight
technologies
Drone: provides new modes for
surveillance, survey and delivery
3D printing: potential to turn any business
into factory
AI: potential to create new product ad
service
Robots: Automate, assist human
Blockchain: Distributed ledger
Virtual reality: open new possibility for
simulation
26. The Benefits and the Challenges
Benefits
Industry 4.0 will truly revolutionize the way
manufacturing processes work. However, it’s
important to weigh the advantages and the
challenges that companies may face
Optimization
Customization
Pushing Research
Challenges
Security
Capital
Employment
Privacy
27. RACE FOR THE
FUTURE.
The BCG survey report indicates that 19%
of German companies have implemented
either a full Industry 4.0 concept (such as a
smart factory) or first measures toward a
concept (such as the introduction of
autonomous robots), compared with 16%of
US companies. German companies are off
to a somewhat faster start of
implementation despite the common
perception that US companies are the front-
runners in embracing digital
transformation
28. Examples of
İndustry 4.0 in business
life
(Audi,
Logistics.
Smart Manufacturing
Siemen companies)
Construction (Semi-Automated
Mason or SAM-Robot)
Good at building walls it could take
over the construction industry
increase productivity while
reducing overall labor costs.
29. Conclusion
Industry 4.0 will affect our identity, our sense of privacy, our notions of
ownership, our consumption patterns, the time we devote to work and
leisure, and how we nurture the relationship (Klaus Schwab (2016).
There should be a coexistence between technology and humans. The
technology should support humans and only handles the complex
situation in manufacturing that is almost impossible for humans to do.
31. Reference
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33. Reference…
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Systems and Technologies for the New Frontier, the 41st CIRP conference on manufacturing systems,
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34. Reference…
Michael Rüßmann, Markus Lorenz, Philipp Gerbert, Manuela Waldner, Jan Justus, Pascal Engel, and Michael
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