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Industry 4.0: The New Industrial Revolution

Industry 4.0: The New Industrial Revolution
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Author(s): Krishnan Umachandran (Nelcast Ltd., India), Igor Jurčić (Mostar University, Bosnia and Herzegovina), Valentina Della Corte (University of Naples Federico II, Italy)and Debra Sharon Ferdinand-James (The University of the West Indies, Trinidad and Tobago)
Copyright: 2019
Pages: 19
Source title: Big Data Analytics for Smart and Connected Cities
Source Author(s)/Editor(s): Nilanjan Dey (Techno India College of Technology, India)and Sharvari Tamane (Jawaharlal Nehru Engineering College, India)
DOI: 10.4018/978-1-5225-6207-8.ch006

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Abstract

Industry 4.0 can be considered the 21st century's industrial revolution and will soon be the new form of manufacturing delight. The definitive customer would experience manufacturing requests determined by artificial intelligence, machine learning, and automated technologies linked with data science support for gauging customer necessities. Phenomenally, Industry 4.0 is rapidly changing the firm's management and organizational systems, and competencies, as well as making its environment much more explored, even if more complexed than in the past. This new industrial revolution would possess systems with transformative technologies for managing interconnected systems between its physical assets and computational capabilities. Such enterprises would require skilled workforce to improve and operate advanced manufacturing tools and systems, and investigate the machine data, clients, and global capitals, resulting in an escalating need for trained employees proficient in cross-functional capacities and with competencies to cope new processes and IT systems.

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