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Industry 4.0
- 1. MADE BY: MD IMRAN Whatif existing manufacturing and large technological innovations came together to create the next big manufacturing reinvention? Bingo. This is the fourth manufacturing revolution, its happening right now. “ ”
- 2. Industrial Revolution refersto the innovative transition in the various manufacturing aspects like materials, energy sources, machineries, organization structure, transport and communication and other non technical aspects, etc.
- 3. INTRODUCTION I4.0 (FOURTH INDUSTRIALREVOLUTION) Industry 4.0 is a name given to the current trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, the Internet of things, cloud computing and cognitive computing. Industry 4.0 is commonly referred to as the fourth industrial revolution. Industry 4.0 fosters what has been called a "smart factory". Within modular structured smart factories, cyber-physical systems monitor physical processes, create a virtual copy of the physical world and make decentralized decisions. Over the Internet of Things, cyber-physical systems communicate and cooperate with each other and with humans in real-time both internally and across organizational services offered and used by participants of the value chain. The term "Industry 4.0" originates from a project in the high-tech strategy of the German government, which promotes the computerization of manufacturing. “Mastering the Fourth Industrial Revolution” was the theme of the World Economic Forum Annual Meeting 2016 in Davos-Klosters, Switzerland.
- 4. Digital Enterprise Entire valuechain is digitized and integrated
- 5. Industry 4.0 Four DesignPrinciples 1. Interconnection: The ability of machines, devices, sensors, and people to connect and communicate with each other via the Internet of Things (IoT) or the Internet of People (IoP).
- 6. BRIEF ABOUT I4.0ENABLING TECHNOLOGIES
- 7. POTENTIAL IMPLICATIONS Robot Assistedproduction Predictive Maintenance Additive manufacturing of complex parts Machines as a service Big data drive quality control Production line simulation Smart supply network
- 8. Source : BDC/ Survey on Industry 4.0 in the Canadian manufacturing sector, 2017
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- 11. Fourth Industrial Revolution:Is India prepared?
- 13. TOWARDS SMART MANUFACTURING:INDUSTRY 4.O AND INDIA According to an analysis by McKinsey, if Indian companies adopt Industry 4.0 across functions such as manufacturing, supply chain, logistics and procurement, they can enhance their operating profits by 40% at less than 10% of the planned capital expenditure. How is India preparing for Industry 4.0? • According to IBEF, the Government of India plans to increase the contribution of manufacturing sector to 25% of Gross Domestic Product (GDP) by 2025, from the current level of 16%. India is also prepared to face global competition by undertaking the Make in India program. It is all set to lead the world with Smart Manufacturing. • India’s first Smart factory is being set up at Bengaluru. This smart factory powered by data exchange in manufacturing and the Internet of Things (IoT). This Smart Factory is being developed at the Indian Institute of Science’s (IISc) Centre for Product Design and Manufacturing (CPDM) with funding from The Boeing Company. • Bosch, a German auto component manufacturer will begin implementation of smart manufacturing at its 15 centres in India. • Andhra Pradesh government aims to turn the state into an Internet of Things (IoT) hub by 2020. The state government plans to set up 10 IoT hubs with the participation of the private sector which will create 50,000 direct employment in various IoT verticals. SOURCE: https://www.proschoolonline.com/blog/what-is-industry-4-0-and-is-india-prepared-for-the-change
- 14. “You cannot waituntil a house burns down to buy fire insurance on it. We cannot wait until there are massive dislocations in our society to prepare for the Fourth Industrial Revolution.” Robert J. Shiller THANK YOU