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"Fourth Industrial Revolution", "4IR", or "Industry 4.0" is a buzzword and neologism describing rapid technological advancement in the 21st century. The term was popularised in 2016 by Klaus Schwab, the World Economic Forum founder and executive chairman, who says that the changes show a significant shift in industrial capitalism.
Industry 4.0 is a project in the high-tech strategy of the German government that promotes the computerization of traditional industries such as manufacturing. The goal is the intelligent factory (Smart Factory) that is characterized by adaptability, resource efficiency , and ergonomics, as well as the integration of customers and business ...
The industrial internet of things ( IIoT) refers to interconnected sensors, instruments, and other devices networked together with computers' industrial applications, including manufacturing and energy management. This connectivity allows for data collection, exchange, and analysis, potentially facilitating improvements in productivity and ...
Work 4.0 ( German: Arbeit 4.0) is the conceptual umbrella under which the future of work is discussed in Germany and, to some extent, within the European Union. [1] It describes how the world of work may change until 2030 [2] and beyond in response to the developments associated with Industry 4.0, including widespread digitalization. [3]
Service 4.0. is a collective term for technologies and concepts of service and support function organizations, based on new disruptive technological concepts ( big data, mobility ), the Internet of Things and the Internet of Services. It is a similar concept to industry 4.0, applied to value chain.
Industrial big data refers to a large amount of diversified time series generated at a high speed by industrial equipment, known as the Internet of things. The term emerged in 2012 along with the concept of "Industry 4.0”, and refers to big data”, popular in information technology marketing, in that data created by industrial equipment might hold more potential business value.
Industry 4.0 vastly covers many areas in manufacturing and will continue to do so as time goes on. Industrial robotics Automated milling machines. Industrial robotics is a sub-branch in industrial automation that aids in various manufacturing processes.
Artificial intelligence. Industrial artificial intelligence, or industrial AI, usually refers to the application of artificial intelligence to industry and business. Unlike general artificial intelligence which is a frontier research discipline to build computerized systems that perform tasks requiring human intelligence, industrial AI is more ...