Effect Of IoT on Industrial Revolution 4.0

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• Effect Of IoT on Industrial Revolution 4.0

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"Effect of IoT on Industrial Revolution 4.0"

• As we know we the people of the 21st century are
  moving towards Industrial Revolution 4.0. We know
  it very well that three Industrial Revolutions
  had already taken place in the past.
• "The first one used water and steam to mechanise
  production the second used electric power the
  third used electronics and IT. The fourth one
  fuses various technologies such as artificial
  intelligence (AI), the internet of things (IoT),
  autonomous vehicles, 5G telephony,
  nanotechnology, biotech, robotics, quantum
  computing, etc."
• The topic which we are going to discuss here is
  "Effect of IoT on Industrial Revolution 4.0". We
  are much familiar with the term IoT which stands
  for "Internet of things".

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What IoT actually is?

• It is the technology which helps you to connect
  your physical objects (like electronic devices,
  doors, etc) to the internet with the help of
  various sensors, which collects data (collecting
  mechanical data and converting it into digital
  data) and send it to the cloud where the data is
  being interpreted and analysed to perform certain
  activities.

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Now, let's discuss how IoT will influence this
industrial revolution.

• As we know Computers, automation and robots
  existed in previous decades too, but the
  opportunities provided by the Internet
  revolutionize their use and the opportunities
  they provide. The increasingly cheaper solutions
  allow us to monitor the activities, operation and
  processes of machines, materials, workers and
  even products themselves, and to collect, analyze
  and utilize data in real-time decision making.
• We know that the fourth industrial revolution is
  based on data. The way it can be gathered and
  analyzed, and used to make the right decisions,
  has become a competitive factor. The source of
  competitive advantage, therefore, production will
  not only be on a coordinated or completely new
  basis , but also the embedding of products with
  digital services (e.g., in the event of a
  failure, the machine itself indicates which
  replacement part should be brought in), i.e., how
  companies filter the relevant information from
  the generated data in order to support
  decision-makingAnd all these can be achieved
  just by the use of IoT (with the help of its
  sensors) which provides data on the Real-Time
  basis.

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What is the purpose of the Industrial Revolution
4.0?

• The main purpose of Industry 4.0 is to achieve
  improvements in terms of automation and
  operational efficiency, as well as effectiveness.
  The emerging Industry 4.0 concept is an umbrella
  term for a new industrial paradigm which embraces
  a set of future industrial developments including
  Cyber-Physical Systems (CPS), the Internet of
  Things (IoT), the Internet of Services (IoS),
  Robotics, Big Data, Cloud Manufacturing and
  Augmented Reality. The adoption of these
  technologies is essential to the development of
  more intelligent manufacturing processes, which
  includes devices, machines, production modules
  and products that are able to independently
  exchange information, trigger actions and control
  each other, thus enabling an intelligent
  manufacturing environment.

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Objective

• objective of this study is to discover how
  companies operating in the 21st century interpret
  the phenomenon of Industry 4.0, what kind of
  Internet of Things (IoT) tools they will use to
  support their processes.

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