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The aerospace industry has sometimes been characterised as "too low volume for extensive automation". 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.
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]
Of all the technologies, predictive maintenance is an "easier” application, as it is applicable to existing assets and management systems. Intelligent maintenance systems can reduce unexpected downtime and increase productivity, which is projected to save up to 12% over scheduled repairs, reduce overall maintenance costs up to 30%, and ...
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]
Smart manufacturing [1] is a broad category of manufacturing that employs computer-integrated manufacturing, high levels of adaptability and rapid design changes, digital information technology, and more flexible technical workforce training. [2]
There are three recognizable components of NDE 4.0. First, Industry 4.0 emerging digital technologies can be used to enhance NDE capabilities in what has been termed “Industry 4.0 for NDE”. Second, statistical analysis of NDE data provides insight into product performance and reliability.
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 ...
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.