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Smart manufacturing leverages big data analytics to optimize complex production processes and enhance supply chain management. [7] Big data analytics refers to a method for gathering and understanding large data sets in terms of what are known as the three V's, velocity, variety and volume.
The value created in Industry 4.0, can be relied upon electronic identification, in which the smart manufacturing require set technologies to be incorporated in the manufacturing process to thus be classified as in the development path of Industry 4.0 and no longer digitisation. [35]
For example, a Deloitte report states that by implementing an IIOT solution integrating data from multiple internal and external sources (such as work management system, control center, pipeline attributes, risk scores, inline inspection findings, planned assessments, and leak history), thousands of miles of pipes can be monitored in real-time.
Society 5.0, also known as the Super Smart Society, is a concept for a future society introduced by the Japanese government in 2016. [1] The plan aims to integrate technologies such as artificial intelligence into the existing society.
Work 4.0 (German: Arbeit 4.0) is the conceptual umbrella under which the future of work is discussed in Germany and, to some extent, within the European Union. [1] It describes how the world of work may change until 2030 [2] and beyond in response to the developments associated with Industry 4.0, including widespread digitalization. [3]
Digital thread, also known as digital chain, [1] is defined as “the use of digital tools and representations for design, evaluation, and life cycle management.”. [2] It is a data-driven architecture that links data gathered during a Product lifecycle from all involved and distributed manufacturing systems. [3]
Digital manufacturing is an integrated approach to manufacturing that is centered around a computer system. [ 1 ] [ citation needed ] The transition to digital manufacturing has become more popular with the rise in the quantity and quality of computer systems in manufacturing plants.
Smart systems are systems (usually computer systems or electronic system) which are able to incorporate and perform functions of sensing, actuation, and control in order to analyze a situation, based on acquired data and perform decisions in a predictive or adaptive manner, thereby performing smart actions.