The Fourth Industrial Revolution or Industry 4.0 or Smart Manufacturing refers to the current revolution on manufacturing technologies, it builds on the Digital Revolution (the advancement of technology from analog electronic and mechanical devices to the digital technology available today) so you could name it as the Second Digital Revolution.
The Fourth Revolution is Different in Essence from the previous Three
This fourth revolution is fundamentally different from the previous three, because of its essence is not in advances in technology but in disrupting dynamics impacting on industry’s business value chains. Drastically improving the product customization, business revenue and organizations efficiency through shortening manufacturing cycle.
The Fourth Industrial Revolution emerging Technologies
The Fourth Industrial Revolution is marked by emerging technology breakthroughs in a number of fields, including (but not only) BPA, Big Data & Analytics & AI, Cloud, Open Platform, Devops, Mobility, IoT, Robots & Autonomous Machines, Blockchain, Cybersecurity, Additive Manufacturing, Augmented Reality, Drones, Nanotechnology/2D Materials and Biotechnology/Genetics & Agricultural Innovation.
Why is Industry 4.0 a Revolution?
Industry 4.0 is a revolution because of it is disrupting ways in which technology becomes embedded within industry, society and even the human body (social behavior). Bringing new ways of doing production, with a huge impact for companies in productivity and cost at levels of 15 to 20% reduction.
When Industry 4.0 Started?
The term “Industrie 4.0” originates from a project in the high-tech strategy of the German government, which promotes the digital transformation of manufacturing. (2011)
Examples of Industry 4.0
- Just in time fueling on international airports
- Intelligent and interconnected administrative tools for refrigerators
- Tools for higher productivity in manufacture
- Smart Cities
- Digitized Monitoring and Optimization of Trains
- Connected Vehicles
- Real time analysis of data and context-driven maintenance, networking and optimization of machines within a production line
- Connected Equipment Operations Centers
- Additive Manufacturing Solutions
- Drones in Manufacturing and Supply Chains
How to Implement Industry 4.0 Revolution in your Organization?
Starting your Organization in the Industry 4.0 Revolution it’s starting it in a Digital Transformation Strategy.
You need to start from the basics:
- Think about new business models and forms of operations that are currently being enabled by technological innovations (see above).
- Take in mind that industrial manufacturing is getting started to be Agile, thanks to the new technologies, it is getting close to market competitive cycle only reserved for pure digital products before.
- Map out your own Industry 4.0 strategy and define the capabilities you need.
- Observe the main Digital Era Principles for being a true Digital Business Organization.