Industry 4.0 was introduced by Klus Schwab;a chairman of world economic forum.According to him in this industry revolution 4.0 is marked by breakthroughs in emerging technologies in fields such as artificial intelligence,quantum computing,biotechnology, fifth-generation wireless technologies (5G), the industrial internet of things (IIoT), 3D printing and fully autonomous vehicles,nanotechnology,robotics.
Components for industry 4.0
Component of industry 4.0 is based on current digital trends.The component is in the form of digital tecnology.They are :
- Internet of Things platforms
- Smart sensors
- Mobile devices
- 3D printing
- Augmented reality
- Big analytics and advanced processes
- Location detection technologies
Role of Data in industry 4.0
data play very important role in industry 4.0 because the digitilisation of various services cost collection of data.In order to maitain digital services data should be used in right way.
Trends in Industry 4.0
As of 2020, the precision, repeatability, and material range of 3D printing has increased to the point that some 3D printing processes are considered viable as an industrial-production technology, whereby the term additive manufacturing can be used synonymously with 3D printing. One of the key advantages of 3D printing is the ability to produce very complex shapes or geometries that would be otherwise impossible to construct by hand, including hollow parts or parts with internal truss structures to reduce weight.
2.Smart home devices
Smart home technology allows users to control and monitor their connected home devices from smart home apps, smartphones, or other networked devices.Users can remotely control connected home systems whether they are home or away. This allows for more efficient energy and electric use as well as ensuring your home is secure. Smart home technology contributes to health and well-being enhancement by accommodating people with special needs, especially older people . Smart home technology is now being used to create Smart cities. A smart city functions similar to a Smart home, where systems are monitored to more efficiently run the cities and save money.
Impact of industry 4.0
- Threat of redundancy of the corporate IT department
- Loss of many jobs to automatic processes and IT-controlled processes, especially for blue collar workers
- Privacy concerns
- Business model adaptation
- High economic costs