Industry 4.0: from sensors to business value
Steam, electricity and mass production: the three major upheavals that shaped modern industry. Today, a fourth wave is flooding our factories: Industry 4.0. Here, automation and data exchange come together in entirely new ways, shaping production systems that enable smart, data-driven and decentralized decision-making and further minimizing human interaction with processes. As countless examples already show, the opportunities to improve efficiency, lower costs and even provide new services are enormous. But what can it mean for your business?
While individual ‘smart machines’ driven by PLCs have existed for many years, the emergence of cheap data storage, hardware, cloud technologies, interconnectivity and ever-increasing computing power has pushed manufacturing process digitization to new heights. The result is the ‘smart factory’, where physical systems and software solutions communicate with operators and each other and make data-driven decisions – sometimes without any human intervention at all.
Industry 4.0 refers to the digitization and combination of automation and data exchange in modern manufacturing to create a ‘smart factory’.