Effect Of IoT on Industrial Revolution 4.0

Hola Chums,

As we know we the people of the 21st century are moving towards Industrial Revolution 4.0. We know it very well that three Industrial Revolutions had already taken place in the past.

"The first one used water and steam to mechanise production; the second used electric power; the third used electronics and IT. The fourth one fuses various technologies such as artificial intelligence (AI), the internet of things (IoT), autonomous vehicles, 5G telephony, nanotechnology, biotech, robotics, quantum computing, etc."

The topic which we are going to discuss here is "Effect of IoT on Industrial Revolution 4.0". We are much familiar with the term IoT which stands for "Internet of things".

What IoT actually is?

-It is the technology which helps you to connect your physical objects (like electronic devices, doors, etc) to the internet with the help of various sensors, which collects data (collecting mechanical data and converting it into digital data) and send it to the cloud where the data is being interpreted and analysed to perform certain activities.

Now, let's discuss how IoT will influence this industrial revolution.

As we know Computers, automation and robots existed in previous decades too, but the opportunities provided by the Internet revolutionize their use and the opportunities they provide. The increasingly cheaper solutions allow us to monitor the activities, operation and processes of machines, materials, workers and even products themselves, and to collect, analyze and utilize data in real-time decision making.

We know that the fourth industrial revolution is based on data. The way it can be gathered and analyzed, and used to make the right decisions, has become a competitive factor. The source of competitive advantage, therefore, production will not only be on a coordinated or completely new basis, but also the embedding of products with digital services (e.g., in the event of a failure, the machine itself indicates which replacement part should be brought in), i.e., how companies filter the relevant information from the generated data in order to support decision-making

And all these can be achieved just by the use of IoT (with the help of its sensors) which provides data on the Real-Time basis.

What is the purpose of the Industrial Revolution 4.0?

The main purpose of Industry 4.0 is to achieve improvements in terms of automation and operational efficiency, as well as effectiveness. The emerging Industry 4.0 concept is an umbrella term for a new industrial paradigm which embraces a set of future industrial developments including Cyber-Physical Systems (CPS), the Internet of Things (IoT), the Internet of Services (IoS), Robotics, Big Data, Cloud Manufacturing and Augmented Reality. The adoption of these technologies is essential to the development of more intelligent manufacturing processes, which includes devices, machines, production modules and products that are able to independently exchange information, trigger actions and control each other, thus enabling an intelligent manufacturing environment. The objective of this study is to discover how companies operating in the 21st century interpret the phenomenon of Industry 4.0, what kind of Internet of Things (IoT) tools they will use to support their processes.