9781639899012
Dyanne Deuel
States Academic Press
English
2024
Commerce, Management and Economics - Business Management
$ 158.95
Industry 4.0 refers to the fourth industrial revolution, characterized by the integration of digital technologies into manufacturing and other industrial sectors. It leverages technologies such as the Internet of Things (IoT), artificial intelligence (AI), big data analytics, cloud computing, and cyber-physical systems to create smart factories and supply chains. These technologies enable machines and systems to communicate and cooperate with each other autonomously, leading to increased efficiency, flexibility, and customization in manufacturing processes. Key components of Industry 4.0 include interconnectivity, information transparency, technical assistance, decentralized decision-making, resource efficiency, and customization. Designing Industry 4.0 solutions entails the seamless integration of various technologies to create interconnected systems capable of real-time data exchange and autonomous decision-making. The impact of Industry 4.0 is profound and far-reaching. It drives productivity through predictive maintenance, optimized supply chains, and agile production processes. Moreover, it enables mass customization, allowing businesses to cater to individual customer needs at scale. This book brings forth some of the most innovative concepts and elucidates the unexplored aspects of Industry 4.0. The ever-growing need of advanced technology is the reason that has fueled the research in this field in recent times. This book will prove to be immensely beneficial to students and researchers in this field.