Industry 4.0: The revolution continues

Industry 4.0: The revolution continues

by Joe Shara on 31/07/2019 |

Updated at 25/06/2021


For a few years now, we have been hearing about the 4th Industrial Revolution, also called "Industry 4.0".

Today it is a phenomenon that is more and more present and important in the media, in discussions and in business decisions.

To fully understand this technically complex concept, I will take a few minutes in this article to explain what this fourth industrial revolution "Industry 4.0" is and the changes that dramatically affect the way companies will have to use and adapt to build our future.

Did you know?

If you are a company, you are probably looking to increase your productivity, the quality of your products by reducing your costs to get better returns and remain profitable. Know that this is exactly the objective of the "Industry 4.0" concept. 

Objectives of "Industry 4.0

According to the Business Development Bank of Canada, the concept of the 4th Industrial Revolution or Industry 4.0 is defined as "the use of digital technologies that will enable a company to respond more quickly to market changes, offer more customized products and increase operational efficiency."

In a world where many factories and manufacturing companies still struggle to accurately assess, track and control the use of their physical (equipment, machines, etc.) and human (employees) resources in real time, Industry 4.0 aims to enable these companies to automate as many data collection tasks as possible by using technology to speed up their business processes, minimize errors and increase profitability.

With Industry 4.0, companies could improve the quality of their products and better control the related costs. Imagine, for example, the possibility of being alerted every time your machines need to be maintained or repaired. Isn't it wonderful?

Industry 4.0 vs Robotics

It is common to confuse the notion of Industry 4.0 and Robotics. So, if you are also one of those who think that Industry 4.0 and advanced robotics are one and the same thing, it's time to understand the differences.

In factories, robotics is about using robots to perform precision and repetitive work. For example in 2018 Tesla told Bloomberg that its body line, one of the most complex parts of its production process after general assembly, was now almost fully automated:

 

"Tesla says the Model 3 body line is now 95 percent automated, including transferring, loading and welding parts." (Blomberg - 2018).

As for Industry 4.0 technologies, they collect data on production and business processes to capture all the data that can help administrators in their decisions. Industry 4.0 is not just sensors embedded in machines to collect data. It's also:

  • A good database architecture
  • Secure servers
  • Interconnected management tools and software
  • Web applications that allow and facilitate the compilation, display and rapid analysis of data
  • APIs to make existing management systems communicate
  • Software packages to automate management tasks
  • Cloud computing
  • And much more.

Basically, Industry 4.0 implies an almost complete digital transformation of any company and therefore represents for many, sometimes colossal investments.

It seems that in the next decade, we will all be replaced by robots. Should we worry about this? Personally, I would say no, but it is important to be prepared. Technology is constantly advancing and although we see a significant delay for Canadian companies they should not wait too long and start thinking about making a successful digital transition.

Origins of the name "Industry 4.0"?

Over the last two centuries, the world has experienced several industrial revolutions that have transformed the production methods of consumer goods.

Industry 4.0 represents the most recent evolution in manufacturing and like the electrification, mechanization, automation, and globalization that preceded it, this new "Industry 4.0" revolution will undoubtedly have a remarkable impact on the way we produce and sell goods. Below, the chronology of all industrial revolutions (ref: BDC).


Impact of Industry 4.0 on your business?

Technological advances over the past few years have made digital technologies more affordable, user-friendly, and most importantly, more robust. Thanks to digitalization, it is now easier and more economical for companies of all sizes to invest in these technologies.

Furthermore, several studies, including one conducted by BDC, indicate that the productivity gains achieved through 4.0 technologies will eventually create such a significant advantage that companies that have not made the shift will find it difficult to compete.

Industry 4.0 applications are extremely diverse in cost and complexity such as these, likely relevant to your business.

Elimination of paper through the digitization of all your business documents which will save you time and money while minimizing any risk of errors 

A better follow-up and control of your equipment to identify and correct problems, but especially to make more informed strategic decisions.

Optimization of your processes with advanced analysis software to improve your production.

Integration with computer networks to ensure better communication with customers, suppliers, and business partners.

 

What to do if you are concerned?

Although digital technologies remain complex and are more accessible today, implementing them into your organizational structure can be very difficult. Outsourcing your consulting can therefore be a very profitable strategy.


At Oshara Inc, our experts are here to help you model your processes and the best technology for your business, as well as provide all the necessary training to your employees.

Frequently Asked Questions

According to the Business Development Bank of Canada, the concept of the 4th Industrial Revolution or Industry 4.0 is defined as "the use of digital technologies that will enable a company to respond more quickly to market changes, offer more customized products and increase operational efficiency."

Industry 4.0, they are collecting data on production and business processes to capture all the data that can help administrators in their decisions. Robotics is about using robots to perform precision and repetitive work.

1- A good database architecture 2- Secure servers 3- Interconnected management tools and software 4- Web applications that allow and facilitate the compilation, display and rapid analysis of data 5- APIs to make existing management systems communicate 6- Software packages to automate management tasks 7- Cloud computing

1- Save time and money while minimizing the risk of errors. 2- Make more informed strategic decisions. 3- Improve your production. 4- Better communication with customers, suppliers, and partners.



Joe Shara

Joe Shara is a in-house journalist and Oshara editor. Tech savvy guy who follows all the latest web & digital developments. Loves cats and complex coding problems.

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