22/02/2021
Industry 4.0 is often used interchangeably with the notion of the fourth industrial revolution. It is characterized by, among others, 1) even more automation than in the third industrial revolution, 2) the bridging of the physical and digital world through cyber-physical systems, enabled by Industrial IoT, 3) a shift from a central industrial control system to one where smart products define the production steps, 4) closed-loop data models and control systems and customization of products.
The goal is to enable autonomous decision-making processes, monitor assets and processes in real-time, and enable equally real-time connected value creation networks through early involvement of stakeholders, and vertical and horizontal integration.
Industry 4.0 is the information-intensive transformation of manufacturing (and related industries) in a connected environment of big data, people, processes, services, systems and IoT-enabled industrial assets with the generation, leverage and utilization of actionable data and information as a way and means to realize smart industry and ecosystems of industrial innovation and collaboration.
We at BusinessScales are constantly working on leveraging advanced technologies for making our clients Industry 4.0 ready!