To revolutionise the industry through IoT and become the leading smart eSolution provider in the region.
Industry 4.0(I4.0) is the fourth industrial revolution; the trend of automation now used along with device interconnectivity and data exchange in manufacturing technologies. I4.0 includes cyber-physical systems, the IOT, cloud computing & cognitive computing. It helps manufacturers with current challenges by becoming more flexible & making reacting to changes in the market easier. It can increase the speed of innovation and is very consumer centered, leading to faster design processes.
IoT and Cloud
A key component of Industry 4.0 is the Internet of Things that is characterised by connected devices. Not only does this help internal operations, but through the use of the cloud environment where data is stored, equipment and operations can be optimised by leveraging the insights of others using the same equipment or to allow smaller enterprises access to technology they wouldn’t be able to on their own.
Drivers of Industry 4.0Industry 4.0 is driven by the convergence of technologies, including:
Essentially, all the new and developing technologies created for humans to communicate with machines, for machines to communicate with each other and to achieve more complicated goals, and for data to inform and optimize all the processes related to the manufacturing sector will interconnect manufacturing processes from design through the end of the product lifecycle.
Cyber Physical Systems
A cyber-physical system (CPS) is a system of collaborating computational elements controlling physical entities. CPS are physical and engineered systems whose operations are monitored, coordinated, controlled and integrated by a computing and communication core. They allow us to add capabilities to physical systems by merging computing and communication with physical processes.
Within the modular structured Smart Factories of Industry 4.0, cyber-physical systems monitor physical processes, create a virtual copy of the physical world and make decentralized decisions.
Over the Internet of Things, Cyber-physical systems communicate & cooperate with each other & humans in real time. Via the Internet of Services, both internal & cross-organizational services are offered & utilized by participants of the value chain
Benefits of Industry 4.0
Industry 4.0 is likely to provide numerous benefits. Analytics will speed product development and later show OEMs how customers really used a product vs. how it was expected it to be used. Data from sensors will show ways to optimise production, providing continuous status updates that will be compared with a digital twin (a simulation that runs at perfect efficiency) to provide corrective information and predictive maintenance alerts. Additive manufacturing will make highly flexible or small production runs lucrative. Augmented reality will boost efficiency and learning, while machines will help people with unsafe or complex tasks and become more autonomous. Some of these advances are already happening on a smaller scale.
The more overarching or holistic goal of the Industry 4.0 vision is to transform manufacturing and all its related industries, from design to logistics to end-of-product-lifecycle into a more efficient and innovative customer-responsive endeavor, with attendant new business models and revenue sources. It is also expected to transform cities and utilities.
Although some companies are leading the way with isolated examples that show the potential of Industry 4.0, many companies are expected to struggle, particularly due to the costs of emerging technology. Interoperability is another concern, with partners across the supply chain struggling to share data seamlessly. In addition, standards and security are expected to receive major attention as Industry 4.0 applications proliferate and platforms develop.