Industry 4.0 Explained Simply.

This is Industry 4.0 explained simply. This video provides a brief history of leading up to Industry 4.0. Will show how technologies such as autonomous robots, big data, augmented reality and IoT play into Industry 4.0.

Here is what artificial intelligence says when asked: “What is industry 4.0?”

Industry 4.0, also known as the Fourth Industrial Revolution, is the current trend of automation and data exchange in manufacturing technologies, including developments in artificial intelligence, the Internet of Things (IoT), and other digital technologies. It is characterized by the integration of advanced technologies such as machine learning, artificial intelligence, and the Internet of Things (IoT) into the manufacturing process, with the goal of improving efficiency, productivity, and agility.

Industry 4.0 is often seen as the next step in the evolution of manufacturing, following the First Industrial Revolution (steam power), the Second Industrial Revolution (electricity and mass production), and the Third Industrial Revolution (computers and automation). It is expected to bring about significant changes in the way that goods are produced, and it has the potential to transform many industries and sectors.

Some of the key features of Industry 4.0 include:

Connectivity: Industry 4.0 involves the integration of advanced technologies such as the IoT and cloud computing, which enables the seamless exchange of data and information between devices and systems.
Intelligence: Relies on the use of artificial intelligence and machine learning to analyze and interpret data, and to make decisions and take actions based on that analysis.
Interoperability: Involves the integration of a wide range of technologies and systems, which enables them to work together seamlessly and to exchange data in real-time.
Decentralization: Involves the decentralization of decision-making, with machines and systems able to make decisions and take actions based on real-time data and analysis.

Industry 4.0 Changing Manufacturing

Real-time data collection and monitoring: Sensors and IoT devices can be used to collect data from machines and processes in real time. This data can be used to monitor performance, identify potential problems, and make adjustments to improve efficiency and quality.
Automation: AI and ML can be used to automate tasks such as quality control, inventory management, and predictive maintenance. This can free up workers to focus on more complex and value-added tasks.
Improved efficiency and productivity: By automating tasks and using data to improve processes, Industry 4.0 can help manufacturers to improve their efficiency and productivity. This can lead to lower costs and higher profits.
New products and services: Industry 4.0 is enabling manufacturers to create new products and services that were not possible before. For example, 3D printing can be used to create custom products, and AI can be used to develop new products that adapt to the needs of individual customers.

Industry 4.0 and Automation Quotes

“What the Internet of Things is really about is information technology that can gather its own information. Often what it does with that information is not tell a human being something, it does something.” ~Kevin Ashton
“There are an endless number of things to discover about robotics. A lot of it is just too fantastic for people to believe.” ~Daniel H. Wilson
“Every serious technology company now has an Artificial Intelligence team in place. These companies are investing millions into intelligent systems for situation assessment, prediction analysis, learning-based recognition systems, conversational interfaces, and recommendation engines. Companies such as Google, Facebook, and Amazon aren’t just employing AI, but have made it a central part of their core intellectual property.” ~Kristian J. Hammond
“You’ve got to buy the robot, but then relatively little op ex. You can work them 24 hours a day. They aren’t going to join a union or get sick, and they don’t expect a salary.” ~Alec Ross
“Industry 4.0 isn’t going to just change manufacturing it is going to completely disrupt it. In the not so distant future if you aren’t part of Industry 4.0 you won’t be in business.” ~Dave Waters
“From conceptual standpoint, IoT is that ability to create digital awareness of the physical world we live in. It’s a digital pulse made up of data that we can aggregate to improve the world around us.” ~John Rossman
“Deep Learning will change the lives of all of us. What is Deep Learning? It’s behind what makes autonomous robots a reality.” ~Dave Waters
“One cubic inch of nanotube circuitry, once fully developed, would be up to one hundred million times more powerful than the human brain.” ~Ray Kurzweil