Industry 4.0

The Fourth Industrial Revolution

Industry 4.0

Industry 4.0 is about competitive advantage. It is achieved through the adoption of digitization, cloud computing, predictive actions, and big data. Industry 4.0 is a recent movement toward intelligent automation technology. In this era, the integration of modern facilities and manufacturing skills, benefitting from novel information technologies, play an important role in gaining economic competitiveness.

Known by many names, including The Fourth Industrial Revolution, Industry 4.0 is the ongoing evolution of manufacturing and industrial processes and practices, using advances in technology and benefitting from recent reductions in entry costs. Large-scale data and information is integrated, correlated, and automated for improved communication and self-monitoring. The development of automated systems allows for the analysis and diagnosis of issues without the requirement for human intervention.

Fundamentals

  • Integration

  • Information Transparency

  • Correlation

  • Decentralized decisions

Demonstrated Benefits

  • Better informed decision making

  • Fully realized facilities knowledge and understanding

  • Reduced facilities costs by improved energy and equipment management