Technology is moving at a sonic faster speed and many innovations get implemented daily. We all know that we are in the era of Industry 4.0 and it is the fourth industrial revolution. Now the question is which technologies are transforming today?
The Internet of Things (IoT), the Industrial Internet of Things (IIoT), Machine Learning, Artificial Intelligence(AI), Virtual Reality(VR) and Augmented Reality(AR), Cloud, Big Data and many more are making it a reality to have forth Industry revolution. Few more technologies like 5G is coming and making a footprint in Industry 4.0 which will be one of the huge influencers and give a boost to many innovations and evaluations.
The pillars of Industry 4.0:
IoT and IIoT:
IoT and IIoT are the main buzzwords we used in the last decade which is one of the main pillars to create interconnectivity of the data between, machines, and people in the world of industry. Essentially, in manufacturing, it gave a boost and improved quality, production, and cost at a large scale by utilizing sensors, machines, and data analytics. Every aspect of the manufacturing operation can be connected in the IIoT, and the data it creates can be leveraged into optimizing efficiencies across the manufacturing operation.
Big Data & Analytics:
Data is the key to enhance industry growth by having correct and meaningful analytics. Every event of the manufacturing operations generates tons of data and being monitored. However, big data analytics can utilize machine learning and AI technologies to quickly process data and give decision-makers the information they need to make improvements across an entire manufacturing operation.
Artificial intelligence (AI) is in fact the basis of the internal change within the factories. AI allows machines and robots to interact with each other and gather event data and above all to learn from the various situations that are created within the production processes, leading to increased efficiency and reduced costs for businesses.
In the automotive sector, however, the use of artificial intelligence will lead to the exponential growth of driverless systems, and will then negatively impact the industry. Though there are some risks and downsides of AI technologies, we have to be ready with the control factors.
Weak implementation of any industrial solution will be vulnerable to Cybersecurity attacks. Let’s not forget that cybersecurity involves protecting information and systems against major cyber threats. With all the cyber threats evolving rapidly and continuously, maintaining cybersecurity strategy and operations is a great challenge for private companies.
The root of Industry 4.0 is the connected devices and people, all powered by robust technology solutions and data analytics. In the coming future, the Industry will grow rapidly and move to Industry 5.0 with the empowerment of the 5G like wireless communication, AI, BigData, and so on. We have to take advantage of this era to create a better future and lives on earth and make solutions secure and safe.