
The New Phase of Industry 4.0
FREMONT, CA: The evolution of the manufacturing sector has witnessed many phases. The first revolution introduced the world to steam-powered engines; the second introduced to the steel and electric factories, the third brought in automation technology and the fourth reformed interconnectivity and networking intelligence. With the fourth industrial renaissance since 1800, from steam-engines to artificial intelligence (AI), the principles and fundamentals of industries and the business organizations have transformed at a substantial degree. The conversion of mass-powered to autonomous robotics lead to the transformation of labor tasks into a digital role. The common misconception has misled the blue-collar workers into believing that the robots and AI applications are the potential contenders for substituting their business roles. The economists and industrialists determined data to be the building block of fourth industrial resurrection.
The advancement accomplished by adopting digital technology has reached a point where the industry can experience another radical adjustment. In the technology-laced world, internet of thing (IoT) devices and machine learning platforms generate enormous data that need to be systematically controlled for effective management. Big data and analytics streamline, collect, and comprehend the scattered data to improve real-time decision-making capabilities.
Interaction of inter-tangled data from robots in a supply chain increases the productivity and elevates the efficiency of a workflow process. As the influx of data increases, day-by-day local storage becomes insufficient. However, with the introduction of cloud services and virtualization, unlimited data storage becomes possible to solve the age-old storage problem.
The range of capabilities possessed by a single autonomous robot reduces the cost of labor and further decreases the cost of production. The application of autonomous robots far exceeds the stages of production, as the mechanical synergy of an android with its neighboring droid creates an automated working environment and opens several new job opportunities for forthcoming employees.
Industry 4.0 often referred to as data revolution have not only provided business firms the ability to leverage real-time data for monitoring errors and deviations from the theoretical calculations but also improved the safety of workplace by administrating access control. The power of digitization has been the epicenter of the industrial revolution, and with the technological development still proceeding at a considerable speed, there is no slowing down of this revolutionary wave.
Check out: The Manufacturing Outlook
Featured Vendors
Advanced Material Solutions (AMS): 'Next Level' Flaw Detection with SmartTestâ„¢ Advanced Resonance Inspection
Technology Coast Partners: Helping Latin American Manufacturers in their Digital Transformation Journey
Panasonic Factory Solutions Company of America: Computer-integrated Software to Streamline Manufacturing Processes
NDS Global: Delivers Integrated Enterprise and Digital Solutions for Next Generation Manufacturing C
Reveal: Increasing Investor Confidence and Customer Market Share with People, Processes, and Technol
Panasonic Factory Solutions Company of America Seamlessly Integrating Manufacturing Systems with Pan
Epalign: Committed To Building The Highest Levels Of Performance In Manufacturing Operations Todd An
EDITOR'S PICK
Essential Technology Elements Necessary To Enable...
By Leni Kaufman, VP & CIO, Newport News Shipbuilding
Comparative Data Among Physician Peers
By George Evans, CIO, Singing River Health System
Monitoring Technologies Without Human Intervention
By John Kamin, EVP and CIO, Old National Bancorp
Unlocking the Value of Connected Cars
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
Digital Innovation Giving Rise to New Capabilities
By Gregory Morrison, SVP & CIO, Cox Enterprises
Staying Connected to Organizational Priorities is Vital...
By Alberto Ruocco, CIO, American Electric Power
Comprehensible Distribution of Training and Information...
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
The Current Focus is On Comprehensive Solutions
By Sergey Cherkasov, CIO, PhosAgro
Big Data Analytics and Its Impact on the Supply Chain
By Pascal Becotte, MD-Global Supply Chain Practice for the...
Technology's Impact on Field Services
By Stephen Caulfield, Executive Director, Global Field...
Carmax, the Automobile Business with IT at the Core
By Shamim Mohammad, SVP & CIO, CarMax
The CIO's role in rethinking the scope of EPM for...
By Ronald Seymore, Managing Director, Enterprise Performance...
Driving Insurance Agent Productivity with Mobile and Big...
By Brad Bodell, SVP and CIO, CNO Financial Group, Inc.
Transformative Impact On The IT Landscape
By Jim Whitehurst, CEO, Red Hat
Get Ready for an IT Renaissance: Brought to You by Big...
By Clark Golestani, EVP and CIO, Merck
Four Initiatives Driving ECM Innovation
By Scott Craig, Vice President of Product Marketing, Lexmark...
Technology to Leverage and Enable
By Dave Kipe, SVP, Global Operations, Scholastic Inc.
By Meerah Rajavel, CIO, Forcepoint
AI is the New UI-AI + UX + DesignOps
By Amit Bahree, Executive, Global Technology and Innovation,...
Evolving Role of the CIO - Enabling Business Execution...
By Greg Tacchetti, CIO, State Auto Insurance
Read Also
Major Trends Shaping Fintech Revolution
BANKEX: Secured Blockchain-based Tokenization
Importance of Artificial Intelligence Drones
