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Home Economy

Industry 4.0

October 21, 2019
in Economy
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Source: Press Information Bureau

A Pilot Project for ushering in ‘Industry 4.0’ in the country, was launched for implementation at the Modern Coach Factory (MCF), Raebareli. The Ministry of Railways and Department of Science & Technology have joined hands in partnership with IIT Kanpur for taking up a unique project on ‘Industry 4.0’ by launching a Pilot Project for implementation at Modern Coach Factory, Raebareli.

About Industry 4.0

  • ‘Industry 4.0’ commonly referred to as the fourth industrial revolution, is a name given to the current trend of automation, interconnectivity and data exchange in manufacturing technologies to increase productivity.
  • The term “Industrie 4.0”, shortened to I4.0 or simply I4, originated in 2011 from a project in the high-tech strategy of the German government, which promotes the computerization of manufacturing.
  • Industry 4.0 is a complex Cyber-Physical Systems which synergizes production with digital technologies, the Internet of Things, Artificial Intelligence, Big Data & Analytics, Machine Learning and Cloud Computing. The concept includes:
    • Smart manufacturing
    • Smart factory
    • Lights out (manufacturing) also known as dark factories
    • Industrial internet of things also called internet of things for manufacturing
  • Industry 4.0 fosters what has been called a “smart factory”. Within modular structured smart factories, cyber-physical systems monitor physical processes, create a virtual copy of the physical world and make decentralized decisions. 
  • Over the Internet of Things, cyber-physical systems communicate and cooperate with each other and with humans in real-time both internally and across organizational services offered and used by participants of the value chain

 

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Tags: Prelims

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