When we hear or read about the term industrial revolution, we are invariably teleported back in time to our high school days, when we learned about it for the first time.
Going a step further from the third industrial revolution, the fourth industrial revolution, or the Industrial Internet of Things (IIoT), or simply Industry 4.0, is going to be an amalgamation of all the latest technologies and manufacturing, where the machines, particularly at the shop floor, will be equipped with the ability to communicate so as to achieve visibility over every aspect of the operations, including goods, assets, and processes.
Facilitated by the rapid developments that have happened on the information technology and hardware front, Industry 4.0 is nothing but a blend of advanced analytics, Big Data, Robotics (machine learning), Artificial Intelligence (AI), Internet of Things (IoT), Blockchain, Radio-Frequency Identification (RFID) systems, Real-time Locationing Systems (RTLS), 3D printing, and Process Digitization across the business value chain, thus leading to a convergence of real and the virtual world.
Also being referred to as ‘smart factory’ or smart manufacturing, the concept of Industry 4.0 is going to change the way manufacturing happens across the globe by completely digitizing the manufacturing sector.
The concept of a ‘smart factory’ with connected manufacturing units is fast becoming a reality everywhere – including India.
Diverse businesses in the country, be it the startups, SMEs or big corporations, are opening up to the idea of Industry 4.0.
The Middle East is planning to develop a strategy for the Fourth Industrial Revolution with World Economic Forum giving the fellowship right to the UAE region for launching Emirates Centre.The progress in the UAE economy also reinstates its sheer prowess of becoming the world leader by addressing to key challenges present in digital transformation and technology advancements.The UAE Strategy for Industry 4.0 gained strengths to strengths once joining the WEF Centres and now at present is capable of handling governments, businesses, start-ups and enterprises through maintain integrity using technology governance.The Dubai Future Foundation is planning to develop the UAE Strategy for Industry 4.0 to provide Digital Transformation.
There are a few Digital Transformation Company in the UAE which is working on this by understanding its importance.Learn more at The UAE Strategy for the Fourth Industrial Revolution.
Right from Enterprise Mobility Solutions to emerging technologies, digital transformation is critical to building and executing growth strategies for manufacturing.
IoT is the Next Big Thing
Manufacturers can strategically use the Internet of Things (IoT), which forms an intrinsic ecosystem of connected devices within an existing infrastructure.
Each industrial IoT ecosystem consists of:
Intelligent and smart assets that can depict, sense, communicate and store information about themselves.
This statistics represents the projected global Internet of Things (IoT) spending in 2020, with a breakdown by application.
Progress In Mining And Power Creation According To Govt.
India's Industrial Development output to a 6-month large of 3.4 % in April principally on account of Improvement in mining and power generation, in line with government information free weekday.
The Index of business Production had increased by 4.5 % in April - 2018.
The past high in IIP progress was reported at 8.4 % in Oct 2018.
Similarly, the expansion within the power sector was 6 % in April as against 2.1 % within the corresponding month of the last commercial enterprise.
As per the Central Statistics workplace -CSO information, producing growth slipped to 2.8 % in April from 4.9% within the corresponding amount last year.
Progress In Mining And Power Creation According To Govt.
India's Industrial Development output to a 6-month large of 3.4 % in April principally on account of Improvement in mining and power generation, in line with government information free weekday.
The Index of business Production had increased by 4.5 % in April - 2018.
The past high in IIP progress was reported at 8.4 % in Oct 2018.
Similarly, the expansion within the power sector was 6 % in April as against 2.1 % within the corresponding month of the last commercial enterprise.
As per the Central Statistics workplace -CSO information, producing growth slipped to 2.8 % in April from 4.9% within the corresponding amount last year.
