Is 4th Industrial Revolution Underway?


History repeats every time in a peculiar way. So, from the industrial revolution which led by the invention of steam engines to the one led by electricity and digital automation finally reached to the era of Industry 4.0 or the fourth industrial revolution. What does this industrial revolution offer? Well, like earlier ones it is also driven by latest achievements in digital technologies including Big Data, automation, the Internet of Things and cloud computing. The amalgamation of cyber and physical world will pave the way for smart industries and smart manufacturing. This smart, data driven, non-device specific and non-location specific manufacturing and business process makes the core of smart manufacturing and smart industries of future.

  • Where Did It Originate From?

The latest avatar of industrial revolution originated from Germany where a government strategy pushed for the computerisation of factories. The trend of computerised manufacturing soon became a force and spread all over the world across a vast majority of production facilities. Soon we observed increased connectivity among the constituents of business processes and we saw so called factories dependent on manual labor turning into smart ones with connected machines and automated manufacturing output. Let us now gave a look at the driving forces behind the latest industrial revolution grossly referred as Industry 4.0.

  • The Internet of Things and Industry 4.0

The Internet of Things bestowing on us a connected reality continued to evolve from just internet ready devices to a completely integrated platform allowing access to different technologies including embedded systems, machine learning, and wireless connectivity. . The Internet of Things  creating the basis of connected workplace and manufacturing process serves as the biggest driving force behind fourth industrial revolution or Industry 4.0.

  • Big Data And Cloud

The robust and ever speeding up data volume has been put to efficient data driven analytics for actionable insights to drive business growth and fulfill business objectives. This staggering volume of digital data termed as Big Data is playing a key role in precision driven decision making, business predictions, cyber security and creating real value for business operation.

On the other hand Cloud computing is allowing businesses robust accessibility to information and data driven business insights irrespective of the location and device access. Big Data and cloud computing together making the force to make industries function smarter than ever before.

  • Artificial Intelligence and Machine Learning

Machines now have smarter capabilities to learn from human actions and reactions. Machines now have bigger autonomous capabilities to act as and when needed. These never-before capabilities helped us reach the era of artificial intelligence and smart machine learning. In today’s manufacturing environment smart interactions with intelligent machines pushed the industry towards autonomous processes requiring less and less human intervention.

What Lies ahead?

As the advanced technologies is spearheading growth and business process interactions in every sphere, companies are feeling the irreplaceable necessity of adapting to these technologies. So, the Industry 4.0. as of now seems to have a bucket full of promises for the businesses of every niche. As widely predicted, by the time we reach 2020, there will be more than 1 billion connected devices enabling and equipping smart factories. The future of the latest avatar of industrial revolution seems all glittered now.

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