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However, Industry 4.0 principles have been investigated by several aerospace companies, and technologies have been developed to improve productivity where the upfront cost of automation cannot be justified. One example of this is the aerospace parts manufacturer Meggitt PLC's M4 project. [71]
Industrial big data refers to a large amount of diversified time series generated at a high speed by industrial equipment, [1] known as the Internet of things. [2] The term emerged in 2012 along with the concept of "Industry 4.0”, and refers to big data”, popular in information technology marketing, in that data created by industrial equipment might hold more potential business value. [3]
This is a list of emerging technologies, which are in-development technical innovations that have significant potential in their applications. The criteria for this list is that the technology must: Exist in some way; purely hypothetical technologies cannot be considered emerging and should be covered in the list of hypothetical technologies ...
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.
Some of the key technologies in the smart manufacturing movement include big data processing capabilities, industrial connectivity devices and services, and advanced robotics. [ 5 ] Graphic of a sample manufacturing control system showing the interconnectivity of data analysis, computing and automation. [ 6 ]
This reflects E. F. Schumacher's concept of "intermediate technology," i.e., technology which is significantly more effective and expensive than traditional methods, but still an order of magnitude (10 times) cheaper than developed world technology. Key examples are: the Malian peanut sheller; the fonio husking machine; the screenless hammer mill
Contrary to Germany's Industry 4.0, which focuses on industrial IT integration, Society 5.0 includes the application of IT to improve public living spaces and habits. [ 7 ] The Cabinet Office of the Government of Japan describes Society 5.0 as an initiative aimed at ensuring safety, security, comfort, and health for all individuals ...
Technology forecasting heavily relies on data and data makes contributions to manufacturing and Industry 4.0. IoT System provides a strong platform to make predictive analysis in the post-Industry 4.0. The advanced technologies will increase forecasting accuracy as well as reliability.
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