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We are now in the fourth industrial revolution, also referred to as Industry 4.0. Characterized by increasing automation and the employment of smart machines and smart factories, informed data helps to produce goods more efficiently and productively across the value chain.
- Digital Manufacturing Solutions
Fuel Industry 4.0 adoption with data German Edge Cloud...
- Digital Manufacturing Solutions
Aug 17, 2022 · Industry 4.0, the Fourth Industrial Revolution, and 4IR all refer to the current era of connectivity, advanced analytics, automation, and advanced-manufacturing technology that has been transforming global business for years.
Proponents of the Fourth Industrial Revolution suggest it is a distinct revolution rather than simply a prolongation of the Third Industrial Revolution. This is due to the following characteristics: Velocity — exponential speed at which incumbent industries are affected and displaced
The Fourth Industrial Revolution (4IR), also known as Industry 4.0, is a new era of development in which digital, physical and biological systems converge, fundamentally transforming industries, economies and societies.
Industry 4.0 refers to the “smart” and connected production systems that are designed to sense, predict, and interact with the physical world, so as to make decisions that support production in real-time. In manufacturing, it can increase productivity, energy efficiency, and sustainability.
Overall, the inexorable shift from simple digitization (the Third Industrial Revolution) to innovation based on combinations of technologies (the Fourth Industrial Revolution) is forcing companies to reexamine the way they do business.
The Construction 4.0 Strategic Plan (2021-2025) is designed to align to the Shared Prosperity Vision 2030 (SPV 2030), the implementation of the National Policy on the IR 4.0 (Industry4WRD) as well as the National Internet of Things (IoT) Strategic Roadmap, the Malaysia Smart City Framework and the Digital Economy Blueprint, among others.
