IoT & Industry 4.0: Shaping up the Modern Manufacturing Industry

1. Role of Industry 4.0 & Internet of Things in Manufacturing Industry IoT & Industry 4.0: Shaping up the Modern Manufacturing Industry

2. Industry 4.0 and IoT are creating a revolution in the contemporary manufacturing industry with several advantages and being highly affordable.

3. Industry 4.0 and Internet of Things (IOT) are the two most talked about words in the digital world these days. Let’s talk about Industry 4.0 first. So, this term denotes to the leaning towards automation and data exchange in the manufacturing processes in the industry. Being also christened as the subset of fourth industrial revolution, it includes smart manufacturing and smart factory. Now, talking about the Internet of Things (IoT), it is, in simple language, the addition of internet connectivity into physical objects that come in use every day. In standard language, it is the integration of digital sensors and networking technologies into the physical objects in the analog world.

4. Well, here’s an interesting fact, merely 20 percent of the people understand the meaning of Internet of Things (IoT) yet around 70 percent of them own an IoT device. It was also found out that by 2020, 30 percent of the interactions with the technology will be in form of conversations with smart machines. One of the biggest examples of this is Amazon’s Alexa-powered devices including the Echo smart speaker. Industry 4.0 is hugely dependent on Internet of Things (IoT) to perform digital manufacturing, and some of the very smart businesses leverage the data that both the IoT and Industry 4.0 produce to enhance their profit and skills. They play a substantial role in manufacturing industry by rapidly designing, modifying, creating, and customizing things in the real world, while lowering costs and reacting to changes in consumer preferences, demand, the supply chain, and technology.