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The first three industrial revolutions:
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Industry 4.0
Industry 4.0 is the trend towards automation
and data exchange in manufacturing
technologies and processes which include
cyber-physical systems (CPS), the internet of
things (IoT), industrial internet of things
(IIOT), cloud computing, cognitive computing
and artificial intelligence.
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Cyber-physical systems (CPS)
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Cyber-physical systems (CPS)
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Internet of Things (IoT)
From hairbrushes to scales, consumer and industrial devices
are having chips inserted into them to collect and
communicate data.
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Internet of Things (IoT)
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Internet of Things (IoT)
In the broadest sense, the term IoT encompasses everything
connected to the internet, but it is increasingly being used to define
objects that "talk" to each other.
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Internet of Things (IoT)
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Cognitive computing
Cognitive computing is the use of computerized models to
simulate the human thought process in complex situations
where the answers may be ambiguous and uncertain.
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The Fourth Industrial Revolution
The phrase Fourth Industrial Revolution was first
introduced by Klaus Schwab, the executive
chairman of the World Economic Forum, in a 2015
article in Foreign Affairs.
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The Fourth Industrial Revolution
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Impacts of Industry 4.0
Industry 4.0 is not an exception to the previous eras of
industries, but it is expected to bring immense benefits and
many challenges.
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Impacts of Industry 4.0
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Impacts of Industry 4.0
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Impacts of Industry 4.0
Third, it highlights the role of consumer as a co-producer
and puts them in the centre of all activities. The
customization of products is the most important activity in
the product value chain, and digitization will facilitate
crowdsourcing, which in turn will lead to a faster design
process.
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