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Considered as a part of the 4th industrial revolution, Industry 4.0 is a trend towards automation and data exchange in manufacturing technologies and processes which include Cyber-Physical Systems (CPS), Internet of Things (IoT), Industrial Internet of Things (IIOT), Cloud Computing, Cognitive Computing, and Artificial Intelligence.
Technological Advancement has come a long way, the first Industrial Revolution began around the 18th century, through the use of steam power. By the time third Industrial Revolution, which began around the 20th century there has been drastic transformation to partial automation using memory programmable controls and computers. As the industry 4.0 unfolds remarkable changes have occurred in the field of technology. In the era of Industry 4.0 computers are connected and communicate with one another to make decisions without human involvement. It has built a foundation where machines are able to manage themselves and the production process functions independently without the intervening of manpower.
Germany a nation with an unmatched reputation in manufacturing has played the pioneering role in revolutionizing technology by bringing Industrial Revolution 4.0. The name was first proposed in Hanover Fair in 2011 and was soon followed by a report in 2013, which eventually lead to the adoption of the term by the German Government. The concept of Industry 4.0 emphasizes on bringing intelligence, connectivity, and much broader applications of computerization to manufacturing.
The aim of Industry 4.0 is to explore and exploit the huge potential of new technologies like
Data has become the center of most business models. Companies that are born in the digital era have a higher understanding of this point as compared to legacy companies.
For example: Enterprises like Facebook, Netflix, Amazon and Google began by investing largely into these “Futuristic” technologies. They have designed their products in a manner wherein they capture the user data in a far superior way than the traditional companies with hybrid digitization.
Also, we must keep in mind that when it comes to the decreasing costs of industrial production, Industry 4.0 is looking good. According to some sources, Industry 4.0 factory could lower the costs of the following:
India is very much keen on adopting Industry 4.0 and has taken several initiatives one such initiative is Smart Advanced Manufacturing and Rapid Transformation Hub (SAMARTH) - Udyog Bharat 4.0. This is an initiative of the Government of India under the department of heavy industry. The aim of this scheme was to enhance competitiveness in the Indian capital good sector and awareness about industry 4.0 among Indian manufacturing industries through demonstration centers.
Keeping in mind this concept and its impact on the industries, Jain (Deemed-to-be University) in collaboration with Wiley has curated 5 courses in the new age exponential technologies. These will be made available from 2020.
About Wiley – The Global Leader in Learning Solutions
With over 200 years of experience and excellence, Wiley has been helping people and organizations develop the skills and knowledge they need to succeed.
They empower researchers, learners, universities, and corporations to achieve their goals in an ever-changing world. Wiley believes that any new technology or concept is bound to create a talent deficit in the initial run. The aim is to overcome the challenge of this deficit by helping, supporting and guiding employers to tap, identify and retain the top talents. Assess employees’ skills, strengths, and weaknesses in order to transform the company culture.
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In a world where everything is becoming technology driven, it is essential that students are equipped with the knowledge of these emerging technologies alongside their traditional courses. This is what makes these B.Tech courses so imperative. No matter what industry you decide to be a part of, a basic proficiency of these future-ready courses will help build a robust foundation for your careers.
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A1. Industry 4.0 is the 4th phase of the industrial revolution, characterised by integrating smart technologies into manufacturing. This transformation enables real-time decision-making, enhanced efficiency, and customisation in manufacturing processes.
A2. The "4.0" in Industry 4.0 denotes the fourth industrial revolution. It signifies the shift from traditional manufacturing methods to smart, digitalised systems that leverage advanced technologies for automation, data exchange, and real-time decision-making.
A3. The 4.0 era denotes the contemporary stage of industrial advancement, characterised by the convergence of digital technologies with physical manufacturing processes. This era is marked by the widespread adoption of IoT, AI, robotics, and data analytics, leading to smarter, more efficient, and flexible production systems. It represents a significant leap from previous industrial revolutions, focusing on connectivity, automation, and real-time data utilisation.