What is Industry 4.0?

You may have heard this term “Industry 4.0” or the so-called “the Fourth industrial revolution”. It may sound easy, but when you start googling, it suddenly becomes more complicated? Well, today I’ll try to explain it to you in simple words.

Basically, instead of just implementing technology in different aspects of human lives, Industry 4.0 goes further and aims at interconnecting all the computers and technological devices for them to function independently (or practically independently) from people. With the help of the Industry of Things (IoT), devices are now able to exchange data without human involvement and timely react to the changes in the environment. With all the systems intertwined with one another, Industry 4.0 technologies can be used in logistics to track the shipping of goods and adjust to their delays if needed or in smart house technology, adapting to the needs of the owners. And this is not the end - the possibilities of the Fourth Industrial revolution are just beginning to unravel with the constant development of cloud computing, additive manufacturing, autonomous robots, etc.

Still, Industry 4.0 is not just about logistics or smart houses it’s also about manufacturing. Smart factories are also becoming a reality where human activity is minimized to monitoring and controlling. Machine learning algorithms will help to detect errors, AI will analyze huge bulks of information, providing you with the latest insights into the production and preventing the failures of equipment. Industry 4.0 implies placing sensors on every piece of machinery, thus providing transparency and allowing to check the manufacturing and make repairs if needed.

Some are already talking about Industry 5.0, with robots being employed in “over 60% of manufacturing, logistics and supply chains, agri-farming, mining and oil and gas sectors” which will give more place to creativity and innovation in a workplace, with people working on more personalized tasks and putting more effort into the improvement of customer experience. It won’t happen in the nearest future, but technology is advancing, and the limitations which existed just a few years ago become not so limiting now.

So, why should you consider implementing some aspects of Industry 4.0 in your business?

  • Monitoring of equipment in real-time. There is no need to check everything manually, worrying about the sudden breakdowns yourself. The AI will notify you first! (and if it’s equipped with sensors it can even book a technician to repair itself!);
  • Optimization and digitization - optimize your business and forget about paper! Having all your documents stored digitally will facilitate the work processes, decrease the bureaucracy (or at least it will take less time), and save space and paper;
  • Have everything under control. Track the production, get the latest updates, see how your company operates from the inside.

By the way, if you have some questions or want to get better acquainted with Industry 4.0, check our website.

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