Understanding the Term and Beyond – Industry 4.0 - PowerPoint PPT Presentation

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Understanding the Term and Beyond – Industry 4.0

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Small and Medium Business Corner website serves SMB owners in providing information which is insightful, useful and actionable. One can find info about SMBs in various sectors like health, science, shopping, society, finance, technology and many others. Site provides honest opinions, tips and issues related to small and medium-sized businesses. The information provided on SMB-corner not only covers business angles of SMB owners but also helps them with tips in their regular day-to-day lives and guide them in the right direction. – PowerPoint PPT presentation

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Date added: 14 June 2024
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Title: Understanding the Term and Beyond – Industry 4.0


1
Understanding the Term and Beyond Industry 4.0

Jenny Knight Writes for Small and Medium Business
Corner SMB Corner
2
Technology has a crucial role in every sector of
the modern business world and every aspect of
human life. There is no question that the
increase in connectivity has helped lead to a
revolution across several industrial sectors,
including manufacturing, distribution, and
development. However, it can get tricky to
explain Industry 4.0 for a layman. Lets look
into this and understand the term in a simplified
manner. Embedded engineering What is Industry
4.0? Industry 4.0 is the term that explains the
amalgamation of traditional manufacturing with
industrial sectors and the latest practices with
the smart use of modern technology. The primary
focus of industry 4.0 is to collaborate M2M
(machine to machine) to IoT (Internet of
things).

3
When you mix both the powerful elements, you can
see a massive change in the automation of
manufacturing sectors. There is improvement in
various levels that include communication and
channeling distribution. Hence, it gives a boost
in the monitoring of business processes.
Integrating smart-end mechanisms that operate
without human intervention or ensure minimum
involvement will increase productivity levels to
a great extent by reducing the overheads of any
manufacturing business. The manufacturing plants
and factories are witnessing partial to complete
automation of the processes. It enables you to
focus on other critical aspects of the business
as IoT also handles the analysis of business
processes and troubleshooting within no
time.

4
Why industry 4.0 and not 2.0 or 3.0? The
industrial revolution in the 4th is the result of
the revolutionary advancements that happened in
the last ten years. The simple reason is that the
foremost revolution in industrial sectors started
when farming advanced to factory production in
the early 19h century. The second revolution
covers the period of the steel industry in the
mid-1850s. It was that period when the
electrification of manufacturing sectors brought
a colossal change in mass production. The third
revolution mentions the technological advancement
of mechanical machines to electronic devices. By
end of the 1950s, the digitalization of machinery
brought a significant change in
businesses. Coming to the 4th and present
revolution a mix of Artificial intelligence and
Cyber-Physical systems. Recent technological
advancement includes big data, analytics, and
smart machines. It resulted in improved analysis,
monitoring, production, and self-diagnosis.
Hence, it helps customers and manufacturers
alike, indicating a productive future ahead.

5
The wrap The industrial revolution has come a
long way now you can explore more about this in
all the business sectors and not just in IT or
manufacturing. The use of simulations, robotics,
Cloud computing, and data sharing are a few to
mention in this regard. The market for augmented
reality is growing at an exponential rate. More
and more businesses are imbibing modern
technologies to keep up with the changes. The
world of technology is ever-evolving and highly
impacts all aspects of human lives. Hence, the
innovation proves beneficial in assisting
production and boosting the manufacturing
sectors. Overall, the latest phase of the
industrial revolution is all about real-time
data, automation, interconnectivity, and machine
learning.

6
About SMB-Corner SMB Corner (Small and Medium
Business Corner) website serves SMB owners in
providing information which is insightful, useful
and actionable. One can find info about SMBs in
various sectors like health, science, shopping,
society, finance, technology and many others.
Site provides honest opinions, tips and issues
related to small and medium-sized businesses. The
information provided on smb-corner.com not only
covers business angles of SMB owners but also
helps them with tips in their regular day-to-day
lives and guide them in the right
direction.

Thank you for spending your precious
time in reading this article!
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