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Industry 4.0, the Dawn of a new wave of Technology

11-12-2019

Considered as a part of the 4th industrial revolution, Industry 4.0 is a trend towards automation and data exchange in manufacturing technologies and processes which include Cyber-Physical Systems (CPS), Internet of Things (IoT), Industrial Internet of Things (IIOT), Cloud Computing, Cognitive Computing, and Artificial Intelligence. 

History

Technological Advancement has come a long way, the first Industrial Revolution began around the 18th century, through the use of steam power. By the time third Industrial Revolution, which began around the 20th century there has been drastic transformation to partial automation using memory programmable controls and computers. As the industry 4.0 unfolds remarkable changes have occurred in the field of technology. In the era of Industry 4.0 computers are connected and communicate with one another to make decisions without human involvement. It has built a foundation where machines are able to manage themselves and the production process functions independently without the intervening of manpower.

Germany a nation with an unmatched reputation in manufacturing has played the pioneering role in revolutionizing technology by bringing Industrial Revolution 4.0. The name was first proposed in Hanover Fair in 2011 and was soon followed by a report in 2013, which eventually lead to the adoption of the term by the German Government. The concept of Industry 4.0 emphasizes on bringing intelligence, connectivity, and much broader applications of computerization to manufacturing.

The Aim

The aim of Industry 4.0 is to explore and exploit the huge potential of new technologies like

  • Availability and use of the internet and IoT
  • Cloud computing
  • Virtualization of the real world
  • Digital Transformation (DX) of business processes across industry

Data has become the center of most business models. Companies that are born in the digital era have a higher understanding of this point as compared to legacy companies.

For example: Enterprises like Facebook, Netflix, Amazon and Google began by investing largely into these “Futuristic” technologies. They have designed their products in a manner wherein they capture the user data in a far superior way than the traditional companies with hybrid digitization.

Benefits of Adopting the Industry 4.0 Concept

  • Fast pace time-to-market for new products/services
  • Superior customer response
  • Lower production expense
  • Efficient use of resources

Also, we must keep in mind that when it comes to the decreasing costs of industrial production, Industry 4.0 is looking good. According to some sources, Industry 4.0 factory could lower the costs of the following:

  • Production - 10-30%,
  • Logistic - 10-30%,
  • Quality management - 10-20%.

Some useful information regarding industry 4.0

  • It is estimated that by 2020, approximately 50 billion will be wirelessly connected to the internet.
  • 5G will be an important driver of Industry 4.0
  • Big data and analytics will be of critical importance for the success of the Industry 4.0 concept
  • A survey by McKinsey suggests that approximately 1.5 trillion USD of additional revenue would be generated from on-demand mobile and data-driven services by 2030

Industry 4.0 and India

India is very much keen on adopting Industry 4.0 and has taken several initiatives one such initiative is Smart Advanced Manufacturing and Rapid Transformation Hub (SAMARTH) - Udyog Bharat 4.0. This is an initiative of the Government of India under the department of heavy industry. The aim of this scheme was to enhance competitiveness in the Indian capital good sector and awareness about industry 4.0 among Indian manufacturing industries through demonstration centers.

Our Collaboration and Courses

Keeping in mind this concept and its impact on the industries, Jain (Deemed-to-be University) in collaboration with Wiley has curated 5 courses in the new age exponential technologies. These will be made available from 2020.

About Wiley – The Global Leader in Learning Solutions

With over 200 years of experience and excellence, Wiley has been helping people and organizations develop the skills and knowledge they need to succeed.

They empower researchers, learners, universities, and corporations to achieve their goals in an ever-changing world. Wiley believes that any new technology or concept is bound to create a talent deficit in the initial run. The aim is to overcome the challenge of this deficit by helping, supporting and guiding employers to tap, identify and retain the top talents. Assess employees’ skills, strengths, and weaknesses in order to transform the company culture.

About Career Graph – Project-based learning

 

B.Tech – Computer Science and Engineering with below specializations:

Machine Learning - Integrated with:

  • Wiley Industry 4.0 certifications
  • Program in Statistics and Data Science from the Massachusetts Institute of Technology (MIT), USA
  • Certificate of Readiness from Harvard Business School

Robotic Process Automation - integrated with:

  • Wiley and Automation Anywhere Industry 4.0 certifications
  • Program in Artificial Intelligence from Columbia University, USA
  • Certificate of Readiness from Harvard Business School

Data Engineering and Informatics - integrated with:

  • Wiley Industry 4.0 certifications
  • Program in Algorithms and Data Structures from University of California San Diego, USA
  • Certificate of Readiness from Harvard Business School

Distributed Computing and Blockchain - integrated with:

  • Wiley Industry 4.0 certifications
  • Program in Cloud Computing from University of Maryland, USA
  • Certificate of Readiness from Harvard Business School

Cybersecurity and Digital Forensics - integrated with:

  • Wiley Industry 4.0 certifications
  • Program in Cybersecurity from Rochester Institute of Technology, USA
  • Certificate of Readiness from Harvard Business School

In a world where everything is becoming technology driven, it is essential that students are equipped with the knowledge of these emerging technologies alongside their traditional courses. This is what makes these B.Tech courses so imperative. No matter what industry you decide to be a part of, a basic proficiency of these future-ready courses will help build a robust foundation for your careers.

To know more and get details for these courses, please visit our website here.