NetObjex Blog.

A Strategist’s Guide To The Fourth Industrial Revolution

by Sarah Le on December 18, 2018

The Fourth  Industrial Revolution or Industry 4.0 is all set to completely change the way global businesses integrate their operations and technologies into a robust digital whole and thereby revolutionizing the world around us.

Our world has been a witness to three Industrial Revolutions. Those were really humongous and momentous events. The first revolution was triggered by the mechanical power loom and the commercial steam engine. The second was sparked by mass production and the harnessing of electricity and computers set the motion for the third.

It is still early to say that the Fourth industrial revolution, also referred to as Industry 4.0 and Industrie 4.0, has begun. However, many believe that Industrie 4.0 came to existence ever since Henning Kagermann, the head of the German National Academy of Science and Engineering (Acatech), coined the term Industrie 4.0 for describing a proposed government-sponsored industrial initiative.

Today, the term Fourth Industrial Revolution or Industry 4.0 does not seem hyperbolic at all. Now, Industry 4.0 is a signal of sweeping changes that are rapidly transforming the world around us. It can be best described as a combination of different innovations in the segment of digital technology, all of which are coming to maturity at the right time. The best thing is that all of them have the potential of transforming every sector and industry around us.

Industry 4.0 technologies include Artificial intelligence, the Internet of Things, Cloud Computing, Advanced Robotics, Data analytics, Innovative marketing models, Software-as-a-service, Sophisticated sensors, and Digital fabrication to name a few. Furthermore, all these and many more elements perfectly embed in an interoperable global value chain.

These technologies are usually thought of in separate ways. But imagine the impact they would have when joined together. They can change the world around us like never before. There would be innovative and powerful ways to organize global operations with Industry 4.0.

Under the Industry 4.0 model, product conception, design, and development will happen in simulated laboratories and digital fabrication models will be utilized. Thenetworks of machinery will be powered by state-of-the-art methods, tools,processes, functionalities, and technologies. They will respond swiftly andrapidly not just to the commands of humans, but also to their ownself-direction and perceptions.

The technological infrastructure associated with this revolution called Industry 4.0 is still in its early stages of development but it is already transforming the very concept of the manufacturing sector among others. Organizations that have already embraced Industry 4.0 are learning the art of mass customization and the unique ability to create products in batches as inexpensively as they possibly could create a mass-produced product in the 20th century.

As the movement of Industry 4.0 will develop, these trends will also accelerate. So, will the invention of new and better products and services, including innovative ways to tackle the most complicated and difficult problems of today, the pressures of urbanization, and much more!

The Fourth Industrial Revolution replaces redundant legacy systems, like those associated with enterprise resource planning and operations management, with a single, interoperable, and enterprise-wide whole that is much efficient and less expensive. For their part, the revenue gains come hugely and primarily from offering innovative products, digital features, and services.

As your organization becomes more active in Industry 4.0, you’ll find that the advantages of Industry 4.0 go far beyond just extending your reach digitally or promoting the products and services offered by you. A rock-solid presence in this revolution called Industry 4.0 will establish your organization and your entire ecosystem of partners, employees, vendors, distributors, and consumers as an integrated digital and fully interconnected network, which are associated with other networks around the world.

Related Articles

Tags
# Accenture Open Innovation # advantages of digital processes # advantages of Industry 4.0 # advantages of interoperability # AI & Intelligent Automation # AI technologies # Analytics Quotient # applications of blockchain # Artificial Intelligence # Artificial Intelligence algorithms # Asset Management # asset tracking # Beacon # Beacon Registry # Beacon Technology # beacon zones # Benefits Of Digital Twin Technology # Big Data # Big Data analytics # Bitshares Blockchain # blockchain # blockchain applications # blockchain based electronic medical record systems # Blockchain company # blockchain event # Blockchain for Diamonds # blockchain for digital assets # Blockchain gateway # Blockchain gateway device # blockchain platform # Blockchain processes # Blockchain Services # blockchain setup # Blockchain strategies # blockchain system # blockchain technologies # blockchain technology # blockchain transactions # Bond # Browsa # Chain of Custody # client server computing # cloud computing # Cloud Dashboard # Commercial IoT Platform # Concept Behind Digital Twin Technology # concept of blockchain # concept of digital transformation # concept of Industry 4.0 # concept of IoT # crypto assets # Crypto NFC Tags # cryptocurrency # cryptocurrency market # cryptocurrency payments # cryptoeconomic funding # data acquisition # data colonization # data management # data marketplace # data marketplaces # data validation # deep learning artificial intelligence companies # developing blockchain application # Digital Assets # digital assets blockchain # digital banking # Digital Quotient # Digital transaction security # Digital Transformation # digital twin # Digital Twin platform # Digital twin technologies # Digital twin technology # Digital Wallet # Digital Wallet for Digital Assets # disruptive innovative technologies # distributed ledgers # electronic funds transfer # Electronic Health Records # enterprise gateway # enterprise systems and blockchain # Ethereum # first industrial revolution # fleet management # Fourth Industrial Revolution # Google Search # Healthcare # highlights of digital twin technology # how Blockchain can help in Logistics # Hyperledger Composer # Hyperledgers # hyperlocality # IIoT Integration # Immediate Payment Service # impact of Artificial intelligence # Industrial Internet # industrial internet of things # Industrie 4.0 # Industry 4.0 # Industry 4.0 model # Industry 4.0 technologies # information architectures # Intelligence Quotient # intelligent machines # internet banking transactions # internet of things # Internet of Things technology # Internet of Things trends # Interoperability platform # IoT # IoT AI Blockchain enterprise # IoT blockchain solutions # IoT capabilities # IoT CMS # IoT Gateway layers # IoT gateways # IoT infrastructure # IoT PaaS # IoT platform # IoT Platforms # IoT solutions # IoT systems # IoT Trends For 2019 # IoT use cases # IoT Use Cases For Smart Cities # IoToken # Iotoken cryptocurrency # leading artificial intelligence companies # Logistics ecosystem # Machine intelligence # machine learning # mainframe computing # manufacturing training # marketing campaign management # mobile app # mobile computing # Museums # NetObjex # NetObjex Blog # NetObjex crowdfunding campaign # NetObjex Digital Twin Platform # NetObjex Industry 4.0 # NetObjex Industry 4.0 solutions # netObjex Intelligent Connected Enterprises # NetObjex IoT devices # NetObjex IoT platform # NetObjex platform # NetObjex Smart Mobile Charging # Omni Channel # Open-Source # operations efficiency # payments system in India # PayPal # PayPal Beacon # permissioned blockchain # PiQube # popular IoT use cases # Privacy Policy # Registrar # remote computing # Request a Sandbox # Retail # Robotic Process Automation # Second Industrial Revolution # services of Industry 4.0 # Smart Charging Stations # smart cities # Smart City transportation # smart contracts # Smart Factory # Smart Legal Contracts # Smart Meters # Smart parking solutions # smart products # Software-as-a-service # staff efficiency # StartEngine Campaign # StartEngine crowdfunding campaign of NetObjex # technologies of Industry 4.0 # technology stack of IoT # Telrpay TFS # Theme Parks # Third Industrial Revolution # top IoT trends # Top IoT Trends For 2019 # trade finance # trade finance functions # trade finance process # trade finance transactions # transaction and data management # Unified Payments Interface # use AI for business growth # Visualization Tools # What Exactly Is Digital Twin Technology # Why Industry 4.0