Subscribe now to know more!
I4.0 Glossary
I4.0 Revolution
I4.0, also known as Industry 4.0 or the fourth industrial revolution, is bringing a trend of data exchange between machines, people, and systems in manufacturing and other industries. It combines advanced technologies, the Internet of Things (IoT), cloud computing, artificial intelligence, and big data analytics to create "smart factories" that are more efficient, flexible, and responsive to customer needs.
The fundamental principles of I4.0 include the interconnectivity of machines, systems, and humans through the Internet of Things (IoT), the use of cyber-physical systems (CPS) that combine physical and digital elements, and the ability to collect, analyze, and act upon data in real-time. These technologies enable manufacturers to optimize production processes, reduce waste, and improve product quality while creating new business models and revenue streams.
Overall, I4.0 represents a significant shift in the way that manufacturing and other industries operate and has the potential to drive increased productivity, innovation, and competitiveness. However, it also presents new challenges related to cybersecurity, data privacy, and workforce training, which must be addressed to realize its benefits fully.
Artifical Intelligence (AI)
It emphasizes creating intelligence by machines and acting like humans to carry out tasks in a way that would be considered “smart.”
There are a variety of AI techniques and applications, including machine learning, deep learning, natural language processing, and computer vision. These technologies are used in a wide range of industries and applications, from manufacturing, finance, and healthcare to transportation and entertainment.
Automation
Automation uses various controls, equipment and technologies, including robotics, machine learning, artificial intelligence, and software applications. These technologies can enable faster and more efficient production, reduce errors and waste, and allow human workers to focus on more creative and value-added tasks.
Industrial Internet of Things (IIoT)
IIoT connects machines, computers, and people, enabling intelligent industrial information transformation using advanced data analytics for transformational business outcomes. Another definition for IIoT is to describe the industrial transformation in the connected context of machines, cyber-physical systems, advanced analytics, AI, people, cloud, edge computing, etc.
The basic idea behind IoT is to enable these objects and devices to collect and share data in real-time, allowing for better decision-making, increased efficiency, and improved productivity. By leveraging the power of the internet, IoT devices can communicate with each other and with other systems, such as cloud-based analytics platforms, to provide insights and automate processes.
Advanced Manufacturing
Advanced manufacturing refers to using innovative technologies and processes to improve manufacturing operations' efficiency, quality, and flexibility. It involves the integration of new and emerging technologies, such as automation, robotics, 3D printing, artificial intelligence and the internet of things (IoT), into the manufacturing process.
Analytics
Analytics refers to the systematic use of data and statistical methods to gain insights and knowledge from large and complex data sets. It involves the application of mathematical and statistical techniques to analyze data, identify patterns, and make predictions.
Analytics tools and techniques can range from basic statistical methods to advanced machine learning algorithms. Some common analytics tools include spreadsheets, data visualization software, statistical analysis software, and programming languages like R and Python.
Overall, analytics is a powerful tool for organizations looking to gain insights and make data-driven decisions. By leveraging analytics, organizations can optimize their operations, improve customer relations, and gain a competitive advantage in the marketplace.
Augmented reality (AR)
AR allows users to interact with digital content in a way that blends seamlessly with their physical surroundings. One can achieve this with specialized AR glasses or through smartphone or tablet applications that use the device's camera and display to create an AR experience.
In manufacturing AR can be used to provide workers with real-time information and guidance, improving efficiency and reducing errors. This can include AR work instructions, remote assistance, and more.
Business Intelligence (BI)
Business intelligence (BI) is a use of data analysis tools and techniques to gather, analyze, and transform data into meaningful insights, report, dashboard that are used to make educated business decisions. BI involves the use of data mining, data visualization, and statistical analysis tools to help organizations identify patterns and trends and to gain insights into their business operations. One key difference between analytics and BI is that analytics uses statistical and mathematical data analysis that predicts future outcomes for situations. In contrast, BI analyses historical data to provide insights and trends information.