The first and second industrial revolutions brought us manufacturing at scale and mechanised production lines. Through computerisation, Industry 3.0 opened the doors to greater automation: i.e. many production processes could be handled with little or no human input.
The 4th industrial revolution is a further major step change, and it’s powered by two things: connectivity and data.
Connectivity
Let’s take the example of a typical production line. Under the standard (Industry 3.0) way of doing things, you have multiple pieces of equipment, each of which has its own computer to control, automate and monitor its activity.
Under Industry 3.0, these are mostly distinct, standalone processes. Under Industry 4.0 however, you have a network of machines that are digitally connected with one another, with the ability to share and create information.
Data
So what information do these machines actually share, and how does this benefit the business?
All of the monitors, trackers and other components within the connected manufacturing system can potentially generate large quantities of data. This is where the ‘smart’ element of Industry 4.0 comes in. Through A.I.-based technologies, machines can recognise, analyse and act upon information they receive, reducing the need for manual input.
Systems can potentially ‘learn’ to recognise anomalies, defects and other issues at a very early stage, which can result in benefits such as better quality control and reduced waste. From a strategic perspective, if you can harness and analyse data from across your connected system, it can aid better, evidence-based decision making.