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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 term "Industrie 4.0", shortened to I4.0 or simply I4, originated in 2011 from a project in the high-tech strategy of the German government and specifically relates to that project policy, rather than a wider notion of a Fourth Industrial Revolution of 4IR, [8] which promotes the computerisation of manufacturing. [67] The term "Industrie 4.0 ...
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]
In 2016, MESA released the first formal definition of Smart Manufacturing in its paper "Smart Manufacturing – The Landscape Explained", which explains the relations and scope of initiatives including the Industrial Internet of Things, and Industrie 4.0. [7] In 2017, MESA signed an MOU with the Industrial Internet Consortium (IIC).
The term “Society 5.0” comes from the intention of creating a fifth new society by making the best use of digital transformation, after going through several societies such as the hunting society (Society 1.0), the agrarian society (Society 2.0), the industrial society (Society 3.0), and the information society (Society 4.0).
The term describes manufacturing enabled by digital technologies, advanced systems and processes and a highly trained and knowledgeable workforce. [1] The new manufacturing economy integrates networks, 3D printers and other proficiencies into business strategies to further develop manufacturing practices. [2]
The Second Machine Age is the term adopted in a 2014 book by Erik Brynjolfsson and Andrew McAfee. The industrial development plan of Germany began promoting the term Industry 4.0. In 2019, at the World Economic Forum meeting in Davos, Japan promoted another round of advancements called Society 5.0. [11] [12]
Service 4.0 is a collective term for technologies and concepts of service and support function organizations, based on new disruptive technological concepts (big data, mobility), the Internet of Things and the Internet of Services. It is a similar concept to industry 4.0, applied to value chain. The proponents of Service 4.0 claim that it is a ...