Industry 4.0 is an industrial revolution that’s driving manufacturing forward and will result in everything becoming faster and more efficient. It will also advance automation and optimisation, meaning that businesses will become more streamlined and productive than ever before. By embedding cutting-edge modern technology into manufacturing, Industry 4.0 objectives will be able to be easily met – and there are a number of key technological components that will make Industry 4.0 a reality. This article will take a look at some of these technological components that are integral to Industry 4.0 and explain them in an easy to understand manner.
A range of companies – from multinational global corporations through to small start-ups – are going to benefit from cloud computing that will allow them to operate using the same manufacturing software code as well as the same shared database technology. Cloud computing is the shared platform on which businesses and manufacturers will need to construct their Industry 4.0 environment upon.
The Internet of Things (IOT)
You may have heard of the internet of things (IOT) but might be unsure as to what exactly it refers to. Essentially, it is the concept of connecting any device to the internet, including wearable devices, cellphones, washing machines, coffee makers, headphones, and a range of other products. And it doesn’t just apply to individual devices – it also applies to components of machines, such as car engines or even a drill bit found on an oil rig. Being connected to the internet allows these devices to receive and send important information in real time, which enables the relationships between people and people, people and things, and things and things to be taken to the next level.
Consumer preference as well as demand patterns have always been important factors, but they’re now increasingly starting to drive how many companies are going to be providing products to the market. To compete in the Industry 4.0 environment, manufacturing companies will have to be able to react and quickly change their production processes to meet the evolving demand patterns of its client base. The changing demand patterns of customers will essentially flow through their enterprise systems directly to their shop floor manufacturing technology. From here, the shop floor technology will automatically configure the factory’s production lines so that the specific products that have been ordered can be manufactured. In the past, large manufacturing plants would simply make the same product, but in the Industry 4.0 world, the emphasis will be on manufacturing what the customer demands, which will be made possible thanks to agility and sequencing.
Businesses that want to thrive in the field of manufacturing have to be agile – and they also have to be able to adapt to customer demand. In order to remain competitive in the Industry 4.0 environment, businesses must stay ahead of the curve by implementing the technological components of Industry 4.0. By utilising cloud computing, the internet of things (IOT) and on-demand manufacturing, businesses will be more likely to succeed.