Question

In: Economics

write what you think about industry 4.0

write what you think about industry 4.0

Solutions

Expert Solution

Industry 4.0 is a new industrial model that characterizes the Fourth Industrial Revolution. This advanced manufacturing model is represented by intelligent, virtual, and digital performance in large-scale industries and emerges as a disruption to the three industrial revolutions that occurred before it.

The new industrial model itself includes a factory-wide integrated structure and potential technologies in various areas of industry activity, and these technologies are intrinsic to industry 4.0 design principles, which are also responsible for ensuring the innovative performance of this new industry.


The history of the industry since its inception is marked by the acquisition of great knowledge, events, and discoveries that have changed the structure of cities, their populations, the types of products they offer and the way they offer them, innovation in the development of production processes, and the way employees work, among many other aspects. The industry at the time of its emergence can be verified as a result of the combination of three fundamental aspects: knowledge, experimentation, and entrepreneurial innovation.

Thus, the industry has its evolution distributed in different stages and of equal relevance. Such stages are represented by the First, Second, Third, and, imminently, Fourth Industrial Revolution. It would be misleading to say that industry 4.0 is a new model that is totally unaware of the industrial revolutions that occurred earlier.

Industry 4.0 fully utilizes all the foundations of previous industrial revolutions with higher rates of integration, digitization, virtualization, technologies, and rapid response times to stimuli.
Just as the industry has undergone many changes and improvements in each of its stages, the products developed, the ways of distribution, the customer demands, the work of people, and the internal and external aspects have changed.

Knowing that industry 4.0 and all its capabilities in different areas is essential for the full use of its potential, and also for those looking to achieve a form of collaboration in the new industry, it is important to know all the new opportunities it presents.

The context of the historical evolution of industry 4.0, its origin, its main characteristics, and finally the design principles that are intrinsic to the new industrial model.

Industry 4.0 is an imminent model of advanced manufacturing that has not yet massively consolidated itself across all the industries in many countries. The potential of the new industry is numerous for all its areas and different segments; its complete transition or implementation requires knowledge and good use.


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