Uploaded on Nov 10, 2021
PPT on Industrial Revolution 4.0
Industrial Revolution 4.0
INDUSTRIAL REVOLUTION 4.0 INTRODUCTION • We are currently implementing the Fourth Industrial Revolution. This is characterised by the application of information and communication technologies to industry and is also known as "Industry 4.0". Source: www.desouttertools.com EXPANSION • It builds on the developments of the Third Industrial Revolution. • Production systems that already have computer technology are expanded by a network connection and have a digital twin on the Internet so to speak. Source: www.desouttertools.com AUTOMATION • This is the next step in production automation. The networking of all systems leads to "cyber-physical production systems" and therefore smart factories, in which production systems, components and people communicate via a network and production is nearly autonomous. Source: www.desouttertools.com INDUSTRY 4.0 • When these enablers come together, Industry 4.0 has the potential to deliver some incredible advances in factory environments. • Examples include machines which can predict failures and trigger maintenance processes autonomously or self-organized logistics which react to unexpected changes in production. Source: www.desouttertools.com DIGITALIZATION • The digitalization of the manufacturing environment allows for more flexible methods of getting the right information to the right person at the right time. Source: www.desouttertools.com DIGITALIZATION OF MANUFACTURING • Industry 4.0 is a game-changer, across industrial settings. • The digitalization of manufacturing will change the way that goods are made and distributed, and how products are serviced and refined. Source: www.desouttertools.com IMPACT ON BUSINESS • On the supply side, many industries are seeing the introduction of new technologies that create entirely new ways of serving existing needs and significantly disrupt existing industry value chains. Source: www.weforum.org/ IMPACT ON BUSINESS CONT. • Disruption is flowing from agile, innovative competitors who, thanks to access to global digital platforms for research, development, marketing, sales, and distribution, can oust well-established incumbents faster than ever by improving the quality, speed, or price at which value is delivered. Source: www.weforum.org SHIFTS ON THE DEMAND SIDE • Major shifts on the demand side are also occurring, as growing transparency, consumer engagement, and new patterns of consumer behavior force companies to adapt the way they design, market, and deliver products and services. Source: www.weforum.org EFFECTS ON FOURTH INDUSTRIAL REVOLUTION • On the whole, there are four main effects that the Fourth Industrial Revolution has on business—on customer expectations, on product enhancement, on collaborative innovation, and on organizational forms. Source: www.weforum.org
Comments