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How Industry 4.0 Technologies are Changing Manufacturing
How Industry 4.0 Technologies are Changing Manufacturing

June 28, 2022

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Industry 4.0 is not a specific thing but rather a group of technologies that make up the fourth industrial revolution. These new technologies are changing the way we manufacture products. In fact, it's already happening, and it's making new manufacturing processes possible for small businesses that want to compete with larger companies. Industry 4.0 can also drastically change how you conduct business in the future if you're ready for it today. In this article, we will see how industry 4.0 technologies change manufacturing.

Have you been hearing a lot about Industry 4.0 lately? Maybe in the news, on TV, or even in conversation with friends and colleagues? If you're wondering what it is, how it's going to change manufacturing, and what it means for your company, you've come to the right place. This article will tell you exactly what Industry 4.0 is and why it's important for small business owners.

Let's begin!

What is Industry 4.0?

Industry 4.0 is the fourth industrial revolution. The phrase was coined by Prof. Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF) in his book “The Fourth Industrial Revolution” in 2016.

The term Industry 4.0 originated in a German government committee set up in 2011 to investigate the future of manufacturing. The committee met with representatives from a variety of industries—from heavy machinery and automobile production to logistics companies, before publishing their findings in a report that is now considered the cornerstone of the modern Industrial Internet movement.

A Man and a Machine Working Together in Manufacturing

People often say that the fourth industrial revolution has made it easier for people and machines to work together. This integration makes it possible to connect, share information, and make decisions on your own. Industry 4.0 is a new wave of automation and digitalization that is made possible by a number of new technologies.

Hence, with these innovations, you can get better results, plan your inventory, and improve safety, efficiency, and delivery times. Some of these new things are:

  • Augmented reality (AR)
  • Innovations in Robots
  • Digital Twinning Simulation
  • Cybersecurity
  • Blockchain

Industry 4.0 Technologies

The industry's 4.0 technologies will be the cornerstone of any manufacturing organization going forward. They can help your organization save money and also improve profitability by cutting down on costs and increasing efficiency. And finally, they can make your operations secure, as well as protect your intellectual property and deliver a better customer experience.

Here is a component of industry 4.0 technology:

4.0 Technologies 1: Internet of Things

The Internet of Things is changing the manufacturing industry. When it comes to the field of manufacturing, the IIoT refers to the interconnectivity and collaboration of data and people. In its basic form, it integrates Internet of Things technology into manufacturing, which involves connecting sensors, equipment, and data in a seamless manner. The Industrial Internet of Things (IIoT) allows for the connection of every aspect of a manufacturing operation, and the data that it generates may be utilized to improve overall operational efficiencies across the board.


4.0 Technologies 2: Artificial Intelligence

A.I. and its subclass, machine learning, are actually required for a smart factory enabled by Industry 4.0. The idea of this new industrial revolution is to eliminate manual processing, and artificial intelligence is the key instrument used to do it. AI may leverage the data generated by a connected factory to optimize machines, reprogram workflows, and uncover overall efficiency and revenue-generating enhancements.


4.0 Technologies 3: Cloud computing and machine learning

Manufacturers have neither the space nor the will to physically store the large quantities of data generated by Industry 4.0 operations. This is what makes cloud computing and storage an absolute necessity and an essential component of connected production. Using the cloud also enables a single source of truth and lightning-fast data sharing across an organization. Last but not least, cloud storage also enables remote access to and monitoring of all data and machine operating systems, providing excellent visibility into operations and operational efficiencies.


4.0 Technologies 4: Augmented Reality

Augmented reality, which adds digital information to the real world, is a central idea of Industry 4.0. With an AR system, employees can use smart glasses or mobile devices to see real-time IoT data, digitized parts, repair or assembly instructions, training content, and more when looking at a physical thing, like a piece of equipment. AR is still new, but it has big implications for maintenance, service, quality assurance, technician training, and safety.


4.0 Technologies 5: 3D printing

Traditional manufacturing can be pricey when small companies develop new products and need 50 parts to test or send to a trade exhibition, says Avid Product Development's Doug Collins. "They may lack cash for traditional manufacturing." 3D printers provide low-volume production with less investment, so companies can save money on marketing.

As this technology keeps getting better, it's becoming more common for larger projects to use 3D-printed parts. One example is the fuel nozzle that GE Aviation 3D-printed for the CFM LEAP airplane engine. Hence, manufacturers can save time and money by printing some components. These are some 3D printing commercial uses.

Impact of Industrial Revolution 4.0 on Manufacturing?

Here's a closer look at Industry 4.0 to help you imagine its full potential:

Sensor-based Data Collection

Sensor technology enables near-real-time monitoring and data collection. It drives data analysis and more informed, effective decision-making for maintenance, process control, inventory, and more. Hence, every piece of equipment should have monitoring sensors. While these sensors are standard on new equipment, older machines can be adapted.

Actionable Analytics

With real-time data collection, process control may be more fine-tuned and adjusted. Industry 4.0 data analytics allows for more reliability-centered maintenance, including predictive maintenance that saves downtime, boosts productivity, and maintains performance.

Revenue and Profit Growth

Industry 4.0 not only allows for more efficient and higher-quality production but also allows for things like predictive and preventative maintenance. It also upgrades, resulting in reduced downtime and lower long-term capital expenditure.

Manufacturing Process Optimization

With more connections, shared data, and better analytics, everyone in the supply chain can work together better. This could lead to more efficiency, optimization, and innovation in the manufacturing industry over time.

Conclusion

Industry 4.0 technologies are going to change everything about how we manufacture goods and products. In brief, there shouldn't be a mad rush to get ahead. We can't avoid Industry 4.0, but smart manufacturing needs smart planning and smart investments. Technology can make a business better, but it can also make it fail. If you want to move toward a more forward-thinking Industry 4.0 strategy, you need to think about a lot of details and first steps. For example, you need to set clear strategic goals. Planning for the long term is essential for success.

I hope you enjoyed this article, and I wish you the best of luck with your marketing and lead generation activities.

 


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