What is Industry 4.0? – The Fourth Industrial Revolution
How many of you have experienced the industrial revolution with the use of the Internet of Things?
Most people have already experienced the potential of IoT technology. But, alongside its evolution, much advancement is in progress. Industry 4.0 is the new phase of the industrial revolution that majorly works on automation, machine learning, and real-time data analysis. Many times, industry 4.0 is also considered as the Industrial Internet of Things (IIoT).
Here, we will dedicatedly talk about industry 4.0 and its evolution from 1.0 to the current version, i.e., 4.0.
To reach the current statue, the Industrial world has evolved in four stages. So, let’s start with the very first revolution, i.e., Industry 1.0.
Industrial Revolution 1.0:
During that period, the focus was more on manual labor through the use of water and steam-powered engines.
Industrial Revolution 2.0:
With the start of the 20th century, Industry 4.0 made its presence with the introduction of steel and the use of electricity. The use of electricity in factories enhanced the output with increased efficiency. This phase also introduced the concept of mass production that exponentially increased the productivity in the assembly line.
Industrial Revolution 3.0:
Post-1950s, the third industrial revolution started emerging but at a slow pace. With this, manufacturers focus more on the computer—technology in their factories. This also focused more on automation and decreased mechanical technology that was time consuming and expensive as well.
Industrial Revolution 4.0:
The Industry 4.0 is a digital-driven approach that uses digital technology via machine learning, artificial intelligence, Internet of Things that enables interconnectivity between the parterres, products, vendors, and even people.
Now, let’s talk about the Benefits of adopting Industry 1.0.
Make you More Competitive:
Many organizations like Amazon have already used Industry 4.0. Through this revolution, Amazon has optimized its logistics and supply chain management. You need to bring the system and processes on a single platform, interconnected to become more competitive and result oriented.
Make Your More Attractive:
Migrating towards technology-based workflow will invite more youngsters towards its working structure and, hence, retain the employees for a more extended period than old employees.
Makes Your Team Stronger:
A strong team benefits an organization by delivering 100% every time. A strong team is even more elaborative compared to other categories of the people. Whether they are managers, operators, or customer care representatives, they all have multiple co-operations for the company that boosts your strength.
It Helps to Omit Big Problems:
With time, your business might witness multiple issues that affect your productivity. With historical data analysis and predictions based on real-time data, it becomes easy to predict big problems and omit them before they occur.
Minimize Your Costing: Above all, with upgrade technology and smart implementation, it becomes easy to minimize your production cost, ultimately increasing your profit margin. Moreover, it lowers your manufacturing cost that is in massive demand for a green environment.
What are your thoughts on the Industrial Revolution 4.0, which is also termed Industry 4.0?