2Fourth Industrial Revolution: Industry 4.0
Maheswari Rajamanickam1, Elizabeth Nirmala John Gerard Royan1, Gowtham Ramaswamy1, Manivannan Rajendran2 and Vaishnavi Vadivelu1*
1Department of Management Studies, Kongu Engineering College, Erode, Tamil Nadu, India
2Department of Mechanical Engineering, Kongu Engineering College, Erode, Tamil Nadu, India
Abstract
Industry 4.0 (I4.0) is the latest trend that has been implemented by many companies to increase their production and process efficiency. By including many automation techniques like artificial intelligence (AI), Internet of Things (IoT), cloud computing (CC), cyber-physical systems (CPS), cognitive computing, and much more, the collective version of these new techniques in a single company called smart factory. Many firms are trying to implement these digital techniques since this era’s market is competitive, which has more advantage over the company which has not implemented I4.0. The functions are not only implemented in the production unit but also included in the complete chain starting from raw material suppliers to customers and also in service industries. By involving I4.0, factories reduce a lot of unwanted expenses and improve the quality of the products. This leads to innovative products, shift flexibility, effective use of resources, and increase customer satisfaction. Each firm needs to develop its own I4.0 structural methods according to its process flow and need. Manufacturing resources are intimately connected ...
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