2. Abstract
The globalization and the competitiveness are forcing companies to rethink
and to innovate their production processes following the so-called Industry
4.0
The implementation of this new paradigm represents a huge change for
companies, which are faced with big investments. In order to benefit from
the opportunities offered by the smart revolution
Keywords: Industry 4.0 Innovation , Opportunities , Digitalization , economy.
3. Introduction
1. the industry is undergoing transformation and evolution toward complete
digitization and the intelligence of production processes to ensure high
efficiency
2. it is necessary to implement new technologies for the automation of industrial
processes. These concepts are the pillars of the fourth industrial revolution
called “Industry 4.0”
3. The fourth industrial revolution was developed in Germany in 2013 but is
spreading rapidly in Europe and the world as a whole
4. This new work model focuses on the integrated man-machine approach
through “sustainable” production.
4. Introduction
4. Industry 4.0 should boost production flexibility, enabling a facility to rapidly
adapt its operations to market changes. For instance, a plant control system
could autonomously adjust output based on fluctuating utility prices, thereby
optimizing the costs of production.
5. The benefit is faster and cheaper optimization than is possible with the
current conventional approach because the location of the expert knowledge
team doesn’t matter anymore
7. Opportunities of Industry 4.0
Industry 4.0 was born in the direction of developing a collaboration of all
stakeholders. Now, a new phase has started that aims to overcome national
borders and establish new international collaborations, especially at the
European level.
1. Economic
2. Business
3. Career
8. Economics opportunities
Adopting Fourth Industrial Revolution (4IR) technologies will help countries
and businesses achieve sustainable growth
There is no doubt that the consumer packaged goods (CPG) industry is
undergoing massive disruption. The best way to rise to the challenge is
transformation through leveraging technology in every corner of the business.
9. Business opportunities
every new revolution rises the possibilities & growth of new start ups
Following are some of them:
1. Horizontal and Vertical system integration
2. IoT and cloud integration
3. Data analytics, Edge computing & Machine learning
10. Other opportunities
Controls Systems Engineers ,Automation Engineers ,Validation Engineers,
Equipment Systems Engineers, Data Scientists, Robotics Engineers.IT Solution
Architects, UI and UX Designers have best career opportunities. Also following
sector also have scope
1. Marketing opportunities
2. eco-sustainable production
11. Qualification and skills of Industry 4.0
Industry 4.0 means that the tasks to be carried out are becoming more
demanding, in both technological and organisational terms.
(1) tools and technologies
(2) organization and structure
(3) Human Resources Management
12. Challanges
• Many process plants handle flammable, explosive or toxic materials. So, they rely
on safety instrumented systems (SISs) to prevent incidents that potentially could
result in multiple fatalities or environmental disasters
• devices utilizing Internet-protocol addresses, are connected to the globally
accessible Internet infrastructure. It is frightening to imagine what could happen if
a cybercriminal broke into an Industry 4.0 plant system.
• the wireless communication layer. By its very nature, wireless communication is
open to outside influences from Mother Nature such as lightning, adverse weather.
Buildings and plant equipment also can pose obstacles; mobile equipment, new
construction, overgrown vegetation, vehicles or temporary screens used for
maintenance or repair work can interfere with a signal path
13. Challanges
• Current functional safety standards don’t allow a risk reduction credit greater
than 10 for wireless safety instrumented functions (SIFs). This means wireless
devices presently can only be used in non-safety-integrity-level applications.
• Some safety devices on the market lack a processor with fast enough response
to process conditions or sufficient memory capacity for Industry 4.0; in a
short time, they will require replacing. Industry 4.0 may actually lessen
device serviceable lifetime, directly impacting capital deployed and
increasing operating expenditure.
14. Advantages
• It is easy to do backend integration with ERP/MES etc.
• It is possible to host micro services.
• It enables execution of transactions with soft real time.
• It enables simple distribution of functionalities to multiple nodes.
• It is easy to install, activate and change in industry 4.0 architecture.
• Clear and monitored communication paths in industry 4.0 makes resource
management very simple.
15. Disadvantages
• The IoT security is a major concern. The companies are working to address
the security related loop holes.
• Skills and education of workers working on industry 4.0 based processes need
to improved.
• There are redundant workers in corporate IT department and hence adoption
of industry 4.0 is a major threat for these IT staff.
• There will be general reluctance to change to industry 4.0 by company
stakeholders.
• Reliability and stability are required for M2M (Machine to Machine)
communication. This demands very short and stable latency timings in the
system.
16. Conclusions
Conclusion. Industry 4.0 is the result of a tipping point in technology
innovation
This industry promises to change the way business is done. Business models
will be redefined
more processes will become automated, and organization will optimize their
value chain even further