Industry 4.0 - A Brief Introduction
Industry 4.0 being hailed as the 4th industrial revolution! is similar to three previous industrial revolutions, which represented the most significant disruptive shifts in manufacturing as a result of technological advancements.
This emerging Industry 4.0 concept encompasses Cyber-Physical Systems (CPS), the Internet of Things (IoT), the Internet of Services (IoS), Robotics, Big Data, Cloud Manufacturing, and Augmented Reality, among other technologies. This has also given rise to the concept of Smart Manufacturing Systems for Industry 4.0, and more and more manufacturers are joining the bandwagon.
As one of the leading Industry 4.0 software companies, Future Algos has developed a comprehensive Industry 4.0 framework and a set of industry 4.0 software tools to help companies to identify, analyze, and take advantage of this new wave of innovation.
Industry 4.0 - An Overview
![Industry 4.0 An Overview](https://www.futurealgos.com/wp-content/uploads/2022/07/industry-4-0-an-overview.jpg)
Industry 4.0 is defined by the use of a new generation of manufacturing technologies that are based on information and communication technology. The concept is based on the idea that the factory of the future will be a Smart Factory. This smart factory will be interconnected and will be able to communicate with the outside world with the help of smart manufacturing systems. It will be able to collect and analyze data and make decisions based on this data.
This network is seen as the connection of the physical world to the digital world. It creates conditions for a digital transformation in the workplace, where all of a sudden, new opportunities like automation, AI, Digital Twins, and virtual reality become possible with the aid of Industry 4.0 Software Companies like Future Algos.
Key Enablers of Industry 4.0
![Key Enablers Of Industry 4.0](https://www.futurealgos.com/wp-content/uploads/2022/07/key-enablers-of-industry-4-0.jpg)
This approach incorporates digital manufacturing technology, network communication technology, computer technology, and automation technology. Industry 4.0 software companies build technology breakthroughs that try to bridge the gap between the digital and physical worlds by combining human and machine agents, materials, products, production systems and processes.
- Cyber-Physical System (CPS)
- Cloud Computing (CS)
- M2M (Machine-To-Machine) Communication
- Internet Of Things (IoT) And Internet Of Services
- Smart Factories
- Big Data And Data Mining
- Intelligent Robotics
- Augmented Reality And Simulation
- Enterprise Resource Planning (ERP) And Business Intelligence
- Smart Virtual Product Development System (SVPD)
Industry 4.0 - Impact
![Industry 4.0 Impact](https://www.futurealgos.com/wp-content/uploads/2022/07/industry-4-0-impact.jpg)
Key Obstacles Or Barriers For Industry 4.0
![Barriers For Industry 4.0](https://www.futurealgos.com/wp-content/uploads/2022/07/barriers-for-industry-4-0.jpg)
The obstacles or barriers to industry 4.0 are in the nature of – Financial Constraints, Technical Ignorance, Organizational Constraints, & Legal Issues.