Industry 4.0 has become a new buzzword within Industry over recent years, but what exactly is it? And what factors have brought this ‘new era’ about?There are a number of driving factors…
- Changing Customer and Market demands for more and more individual products, exactly when they want it. No more Ford Model-T mind set of “any colour you want, as long as it’s black”.
- The demand cannot be satisfied by traditional methods only, e.g. adding machines or shifts. Indeed capex investment is expected to generate less than half of the value creation expected to come through Industry 4.0
- The Technology required is available today to start the journey – it is often referred to as ‘Disruptive Technology’, and it is the application of this technology which is expected to generate the greater proportion of value through Industry 4.0.
- Data, Computational Power and Connectivity
- Cloud Computing
- The Industrial Internet
- Cyber Security
- Analytics and Intelligence
- Big Data and Analytics
- Artificial Intelligence and Machine Learning
- Horizontal and Vertical System Integration
- Machine sensors and Predictive Maintenance.
- Human/Machine Interaction
- Augmented Reality
- Touch screen interfaces
- Voice and Movement recognition
- Digital to Physical conversion
- Advanced Robotics
- 3D Printing