According to research from McKinsey & Company, Industry 4.0 refers to the transformation that is currently underway based on:
DATA, COMPUTATIONAL POWER, CONNECTIVITY
ANALYTICS AND INTELLIGENCE
ADVANCED PRODUCTION METHODS
What Industries Are Being Affected?
Advancements in technology are now affordable and sufficiently widespread that practically every major industry has begun adopting Industry 4.0 technologies to drive improvement.
using predictive maintenance
Using advanced analytics to forecast demand for aircraft components instead of Using
OIL & GAS
digitizing or drilling, field development and operations
through automated real-time dispatching
using advanced analytics
using real-time data analytics
through smart inventory and automated ordering
Industri 4.0NowSystem autonomy, big data, analytics and machine to machine communication
Industri 3.01969Electronics, computer and automated production.
Industri 2.01870Mass production, assembly line, engine and electrical power.
Industri 1.01784Mechanical production, water and steam power.
Evolution of Industry 4.0
In the past, there have been three significant industrial revolutions. The first industrial revolution, which was stimulated by the invention of the steam engine place at the turn of the twentieth century, saw the growth of industry such as textiles and railroad.
The second industrial revolution, which was characterized by science (such as electricity) and mass production, saw further expansion of various industries using electricity and chemicals including petroleum.
The third industrial revolution is the digital revolution, which is still ongoing, and has continued to transform modern society with advancement such as the personal computer at the internet.
The fourth industrial revolution, a phrase coined in 2016, builds on the Digital Revolution. It has been marked by a sharp increase in connectivity, whereby billions of people and machines can now connect to each other. These interactions have given rise to interactions and insights on a completely different scale, which often bridge physical, digital and biological areas—and have the potential to generate new breakthroughs.