The Top 10 Industry 4.0 Terms You Should Know
In a recent blog post, we introduced you to and broke down the basics of Industry 4.0. The powerful technologies shaping this fourth industrial revolution are transforming the way factories are run, helping manufacturers automate operations, reduce costs, and make more informed decisions.
According to a recent survey, 77% of companies boosted their revenue by automating core parts of their operations. #SmartManufacturing #Industry40”
Today, we’re going to dive a bit deeper and explore some of the common terminology surrounding this major industry shift. Here are the top ten Industry 4.0 terms you should add to your vocabulary.
1) Advanced Manufacturing (Smart Manufacturing)
A manufacturing ecosystem using innovative technologies and methodologies that improve output, product quality, and competitiveness in the manufacturing sector.
2) Artificial Intelligence (AI)
A technology that allows machines to learn from experience and perform tasks that normally require human intelligence (like visual perception, speech recognition, and decision-making).
The use of digital systems to control equipment and machinery while extracting vital information from sensors, equipment, and plant floors.
4) Big Data
Massive sets of data that can be analyzed to reveal important trends and insights, helping manufacturers drive innovation, productivity, and efficiency.
5) Cloud Computing
The ability to store and access data on-demand through the Internet rather than a computer’s hard drive.
6) Digital Engineer
A highly skilled individual working at the intersection of engineering and IT who plays a critical role in the digital transformation of the plant environment—often serving as an agent of change to help manufacturers embrace Industry 4.0.
7) Digital Supply Chain (Supply Chain 4.0)
The implementation of advanced digital technologies to create a supply chain environment in which processes are web-based.
8) Industry 4.0
A major transformation happening now in the world of manufacturing as a result of advanced technologies like the cloud, AI, mobile, IoT, and more.
9) Internet of Things (loT)
A network of web-enabled machines or other connected devices that are capable of collecting, exchanging, and acting on data in real-time.
10) Predictive Maintenance
The ability to remotely monitor machines and equipment with IoT to ensure optimal efficiency and output, giving manufacturers the ability to repair or replace equipment before it fails.
As manufacturers move towards Industry 4.0 adoption, they’ll need a talented workforce that can thrive in a digitized environment. 3Ci is your go-to resource for fulfilling Industry 4.0 talent needs. Schedule a call with our team of recruiting experts to learn more. 19.