IRJET- Acceptance of Industry 4.0 in Digital Industrial Technology and Rediscovering Growth

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International Research Journal of Engineering and Technology (IRJET)

e-ISSN: 2395-0056

Volume: 07 Issue: 08 | Aug 2020

p-ISSN: 2395-0072

www.irjet.net

Acceptance of Industry 4.0 in Digital Industrial Technology and Rediscovering Growth Dr. Surabhi Shanker1, Dr. Saloni Bhushan2 1Associate

Professor, TIPS, Dwarka, GGSIPU, New Delhi Professor, V. K. K. Menon College, Bhandup (E), Mumbai ---------------------------------------------------------------------***---------------------------------------------------------------------2Assistant

Abstract - The globalization and the competitiveness are encouraging companies to rethink and to redesign their production processes following the Industry 4.0 model. It represents the combination of tools already used in the past like big data, cloud, robot, 3D printing, simulation, etc., that are now associated into a global network by transmitting digital data. The accomplishment of this new paradigm represents a massive change for companies, which are faced with big investments. In order to gain from the opportunities offered by the smart revolution, companies must have the prerequisites needed to hold up changes generated by “smart” system. In addition, new workers who face the world of work 4.0 must have new skills in automation, digitization, and information technology, without forgetting soft skills. This paper aims to present the main good practices, challenges, and opportunities related to Industry 4.0 paradigm. Key Words: Industry 4.0, Artificial Intelligence, automation, industrial revolution, robotics, machine learning 1. INTRODUCTION The growth of new digital industrial technology, also known as Industry Revolution 4.0, is a renovation that makes it possible to assemble and analyze data across machines, enabling more rapid and more efficient processes to produce higher-quality goods at cheap costs. This manufacturing revolution will boost productivity, shift economics, cultivate industrial growth, and amend the profile of the workers— eventually changing the competitiveness of companies and regions.

that can be creative, think critically and solve problems as they arise. Humanity continues to go on board on a period of incomparable technological advancement. In the next coming decades will present both significant challenges and opportunities. Private sectors, governments, academics and entrepreneurs are all seeking the roadmap for navigating these profound changes in the world of work. 2. NINE TECHNOLOGIES TRANSFORMING INDUSTRIAL PRODUCTION Advanced computerized technology is now utilized in assembling, but with Industry 4.0, it will change the way of production. It will prompt more prominent efficiencies and change conventional creation connections among providers, makers, and clients—just as among human and machine. Nine innovative trends from the Industry 4.0 2.1 Big data and analytics Big data analytics is the use of complex analytic techniques aligned with very large, diverse data sets that include structured, semi-structured and unstructured data, from dissimilar sources, and in different sizes from terabytes to zettabytes. In an Industry 4.0 perspective, the assortment and comprehensive evaluation of data from many different sources—production equipment and systems in addition to enterprise- and customer-management systems—will become standard to support real-time decision making.

The term ‘Industry 4.0’ or ‘Industrial Revolution 4.0’ originated in the year 2011 from a project in the high-tech strategy of the German government, which works on promoting the computerization of the manufacturing. The term was announced during the Hannover Fair publicly. The Fourth Industrial Revolution is shifting the way we live, work and think. It comes with the rapid change/advancement of technologies, which is more focused on the technologies like advanced robotics, artificial intelligence, and machine learning. As technology becomes invisible it changes the lives of young community and workers across the world and allowing people to work from wherever they are comfortable. Now a day Work can be managed from anywhere, and requires such type of persons © 2020, IRJET

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Fig 1: Nine innovative trends from the Industry 4.0

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