Prof. Surjya K Pal pens article about Industry 4.0 in transitioning India's Industrial Sector
The KGP Chronicle (January 19, 2021)
Industry 4.0 to create new job opportunities through digitization of industrial operations
Overview of Industry 4.0
The fourth industrial revolution, popularly referred to as Industry 4.0 constitutes a plethora of technological concepts aiming towards the adoption of cyber-physical systems. Essentially, it involves connecting the segments of a manufacturing system with digital technologies for gaining critical and real-time insights. The technologies include the use of intelligent robots, real-time monitoring and control of manufacturing systems, cloud, edge, and fog computing, all of which will lead to the development of the Industrial Internet of Things.
At present, Industry 4.0 is at a very nascent stage, and a large number of industries are aiming to adopt Industry 4.0 to digitalize their supply chains. These would enable automated and faster means of decision making, more efficient operational processes, and better resource utilization through customization, quality checks, thus, leading to cost reduction and market competitiveness. Industry 4.0 also addresses the health and safety of the workforce by means of reduction of human intervention on the shop floor. (Read More)