A brief history of industrial evolution

Industry 1

The First Industrial Revolution began in the 18th century through the use of steam power and mechanization of production.

Industry 2

t mainly occurred in Germany, America and Britain. Some historians also refer to this period as the “Technological Revolution” era. It mainly involved industrial processes that used machines powered by electrical energy.

Industry 3

Partial automation using memory-programmable controls and computers. Since the introduction of these technologies, we are now able to automate an entire production process - without human assistance.

Industry 4.0

The digital transformation to Industry 4.0 starts with collecting data, then adds artificial intelligence to make sense of that data. Smart factories employ IoT devices that connect machines and computers to get a clear picture of the manufacturing facility with real-time data.

What 4.0 implies for business?

In a current study that measure businesses and government readiness for Industry 4.0, Deloitte* surveyed 1,600 C-level administrators in 19 nations. The participants were sure about that Fourth Industrial Revolution will impact positively– 87 percent of people trust it will prompt more noteworthy equity and security, and 75% said business would have significantly more impact than governments and different elements in molding this future. In any case, just 14 percent of respondents are sure that the businesses are completely prepared to harness the changes related to technological revolution.

The Deloitte contemplate demonstrated that companies which are using Industry 4.0 advances are for the most part doing as such to make their tasks more productive and financially savvy, as opposed to seeking after new plans of action that can conceivably convey substantially deliver a greater value and help to prepare for future. To some extent, this approach mirrors the trouble of putting forth a business in cutting edge advanced technology.

Transforming information into insight

As its most essential level, the Fourth Industrial Revolution lays on unstructured information – heaps of it. The expansion of low cost sensors and progressive falls in the cost of PC power imply that information can now be effortlessly and efficiently accumulated from basically any gadget, from household apparatuses to the biggest mechanical machines. The value lies in the knowledge we get from it by applying our decades of industrial expertise acquired from our installed base.

In the Fourth Industrial Revolution, profitability and execution depend progressively on intelligence. In the event that you know ahead of time when a robot or a machine will separate, you can intercede pre-emptively to turn away an interruption in your inventory network, sparing tremendous measures of cash and keeping your clients happy.

Industrial organizations that put resources into digital technologies are not just accomplishing altogether higher uptime, speed and yield; they are laying the groundwork for advance technologies such as artificial intelligence . Being digitally empowered – which implies having your machines, robots and frameworks feeding information to the cloud – is a entry ticket into the Fourth Industrial Revolution.

From robotization to independent tasks

The fourth industrial revolution is bringing together physical, digital and biological systems to change how we see the world. The fourth industrial revolution will focus primarily on maximizing human well being. The progression in automation technology will enable different economic models and decouple growth from result constraints. One of the main features of fourth industrial revolution is that it does not change what we are doing but it changes us.