Industry 4.0 Drivers
According to a publication by Nordia (https://www.reliableplant.com/Read/30933/factors-driving-industry) the 3 main drivers of Industry 4.0 are Data, Connectivity and the Customer.
Data:
An introduction in the use and consecutive data can be attributed to the advancement of Industry 4.0 and has “forced” businesses in a way to review their systems. The rise in data volumes has led to the term “big data.” This has caused a greater need than ever for companies to store and gather information and make better use of it. Organizations are now making use of historic data with advanced analytics, by enabling cognitive machines to self-diagnose and configure.
Connectivity:
Global supply chains are becoming increasingly common but are accompanied by efficiency issues due to distance and time zones. The Industry 4.0 solution for this is to create a virtual global factory, which means creating a network of businesses from various regions that can resolve issues of connectivity between companies and also improve the relationship between the customer and supplier.
Customer
Customer’s needs have also empowered Industry 4.0. Innovative technology, such as 3-D printing, enables the conversion of a digital design into a physical product. This means that all products are materialising at a faster pace at an industrial level. By consequence, products can become more customised to the individuals, although they are made at a mass production level.
Using a digital system to design and create products creates great flexibility for both B2B transactions and to the customer (the end user). By combining the customer’s input, the data analysis and response may mean that in the future a digital ecosystem will be created whereby human decision is augmented through algorithms.
Tasks:
Additional Task: https://h5p.org/node/726055