Development in technology has no way left the universe broader. Advancement in technology has equal impact on the way of running industry. The Fourth Age Industrial Revolution (or Industry 4.0), ongoing automation of traditional manufacturing and industrial practices is that the given of contemporary smart technology. Large-scale Machine-to-Machine communication (M2M) and also the Internet of Things are integrated for increased automation, improved communication and self-monitoring, and production of smart machines which will analyze and diagnose issues without need of human resources. The mix of machine learning and artificial intelligence (AI) is most practically applied within the emerging ecosystem of embedded systems – the intelligence, sensor-driven, networked connectivity that’s rapidly threading together a large number of everyday lives.
The below picture depicts the industrial revolution over time:
Four Major Principles and Objectives of Industry 4.0:
- Interconnection: The capability of machines, devices, sensors and other people to connect and communicate with one another via Internet of Things (IoT).
- Information Transparency: Transparency afforded by Industry 4.0 allows operators to gather immense amounts of information from all points in manufacturing process, thereby assisting in identifying and identifying key areas for development and improvement.
- Technical Assistance: The ability of systems to assist people in decision-making and problem solving and the ability to assist people with more difficult or unsafe tasks.
- Decentralized Decision: The power of cyber-body systems to make decisions on their own and perform their functions as independently as possible and tasks will be delegated to employees (higher level) in the unlikely event, or for conflicting purposes.
Major Elements of Industry 4.0:
- Cyber-Physical System (including Mobile devices, Sensors, Location Detection System, Advance Human-Machine Technology).
- Internet of Things and the Internet of People (including Multilevel customer communications and customer profiling, Augmented reality).
- Availability of computer system resources
- Comprehensive Computing
Challenges of Fourth Industrial Revolution (Industry 4.0):
- High set costs and high economic costs to fund a sustainable industry
- The threat of redundancy in the organization’s IT department
- Loss of many jobs in automated IT processes and processes, especially green workers
- Unprotected legal issues and data security
- Lack of regulation, standards and methods of certification
- Lack of relevant skills to help transform the transition towards industrial transformation fourth – Suraj Pandey, ShineWing India