Since the end of the 18th century, we've experienced multiple industrial revolutions. And right now, we're in the middle of a significant digital transformation in how we produce products and automate different technologies. This revolution is called the fourth industrial revolution, a.k.a Industry 4.0.
The fourth industrial revolution, or Industry 4.0, is one of the big buzzwords flying around. To better understand Industry 4.0, we need to look back at history.
The first industrial revolution started in the 1770s when we went from hands to machines, from farms to the first factory. Innovations like the flying shuttle, the water frame, and the power loom made weaving cloth and spinning yarn and thread much more accessible. Producing cloth became faster and required less time and far less human labor.
About 100 years later, the second industrial revolution was when electricity came with assembly lines and the start of factories that we know today were built. Factories sprawled, and people’s lives became regulated by the clock rather than the sun. It was a tremendous transformation in people’s lives.
The third industrial revolution, the digital revolution, started in the 1970s. This era witnessed the digitalization and automation of electronics and computers. It's also characterized by the invention of the internet and the discovery of nuclear energy.
Industry 4.0 is still debated, and boundaries must be fully defined. It's still moving with continuous improvement of many technologies, tools, and changes in business needs.
If the third revolution was when computers were introduced, the fourth industrial revolution optimizes the usage and introduces new automated technology. Obviously, computers needed to be handled by humans, but now computers do not require human interaction. Instead, the computers are making decisions, collecting data, and optimizing results for automated improvements. The more data collection the computers do by themselves, the more they learn how to optimize processes. As a result, the already smart machines are getting smarter and wiser. The ultimate power of Industry 4.0 (and a big fear for some) would be if intelligent machines started to learn from each other and collectively gather data and results.
We know it’s all about digitalization and automated value chain processes, including several areas. Let us explain some of the critical areas you should know about.
3D Printing is mainly used for prototyping and straightforward tooling. There are a few cases where 3D printing has been used with more durable materials (such as titanium, steel, and aluminum); repairing compressor blades for gas turbines is one example. The cost of 3D-printed metallic parts is currently high but rapidly shrinking.
All these components within Industry 4.0 are crucial for industries to stay ahead in the competition of reaching the ultimate 'smart factory, and we can only guess what the future of Industry 4.0 holds. However, we see that enterprises that adopt new technologies like AR have paid off.