Term Paper WR1
Term Paper WR1
Term Paper WR1
On
Submitted to
Amity University Kolkata
An overview –
Industry 4.0 refers to a new phase in the Industrial Revolution that focusses heavily
on interconnectivity, automation, machine learning and real-time(big) data.
Industry 4.0 also sometimes described as IIoT or Smart Manufacturing closely
associates physical production with operations on smart digital technology, machine
learning and big data to create a more holistic environment for companies relying
on manufacturing and supply chain management. This is where Industry 4.0 comes
into play.
Industry 4.0 isn’t just about investing in new technology and tools to improve
manufacturing efficiency—it’s about revolutionizing the way your entire business
operates and grows.
One of the best ways to understand the concept of smart manufacturing better is to
think about how it could be applied to your business, or a business similar to your
business. Here are three use cases that can help you understand the value of
Industry 4.0 in a manufacturing operation:
The majority of the IoT projects in the energy sector focus on applications oriented
towards demand. However, correctly used IoT brings infinite benefits for the
optimization of the entire chain of value, optimizing all of the phases and the
communication between them:
• Generation
• Transmission
• Distribution
• Consumption