essentra industry 4.0 then and now · mean the physical aspect of it like a robot. i mean...
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PREDICTIONSNOW
PREDICTIONSTHEN
INDUSTRY 4.0THEN AND NOW
20 BILLIONGROWTH
14.4 BILLIONGROWTH
2014
20
30
10
0
BILLION
2020
IN NOVEMBER
2015
Source:http://www.mckinsey.com/industries/semiconductors/our-insights/the-internet-of-things-sizing-up-the-opportunity
2015
20
30
10
0
BILLION
2020Source:http://www.gartner.c
om/newsroom/id/3165317
12 BILLIONGROWTH
IN FEBRUARY
2017
2017
20
30
10
0
BILLION
2020Source:http://www.gartner.c
om/newsroom/id/3598917
IN
2011industry analysts predicted that, by
2020, the market for connected devices would be between 50 billion and 100
billion units.
Source:http://www.mckinsey.com/industries/semiconductors/our-insights/the-internet-of-things-sizing-up-the-opportunity
I feel that the increasing ability of
requirements directly with producers will become increasingly
important with production schedules dictated by customers.
managing the supporting processes and supplies of constituent
assemblies and components will be the greatest challenge.
- Dr James Wilson, Senior Lecturer,University of Glasgow’s AdamSmith Business School
I think we will still need people involved in manufacturing and we will
see more collaborative robots supporting workers in manufacturing.
Technology will help with decision
have an impact on minimising errors and will improve productivity and
quality. However, people will still be involved in creativity and innovation. As educators, we need to ensure that
we equip our graduates with the necessary skill sets to work in an
Industry 4.0 world.
- Dr Carl Diver, Lecturer,University of Manchester
THE MARKET FORCONNECTED DEVICES
What the future for Industry 4.0 holds can be found in research labs and technical
universities. It is a series of advancements to all the traditional sectors that evolve around industry such as manufacturing, with the help of the new technological
tools which in general enable higher growth levels, easier optimization of
levels and increased customer satisfaction. The future of manufacturing is massive customization of products and services,
alongside the convergence of the consumer's and the manufacturer's world.
Industry 4.0 will revolutionize the existing technologies and capabilities within the manufacturing and production industry,
making them smart, integrated, connected and digitized. The advancements in data and powerful analytics mean that the systems in
place can trawl through the huge sets of data and produce insights that can be acted
upon quickly. Data sharing via the
manufacturers to respond to customers and
without ever compromising on quality.
think companies will have a much better understanding of what is going on in their production and value stream by leveraging
technology. They will be able to act on it in a much faster and much more sophisticated
way. I also think that you will be able to automate the decision making to a much larger degree than we see today. I don’t
mean the physical aspect of it like a robot. I mean intelligent computing systems
supporting the decision-making and even actually taking the decisions, so the human worker can dedicate and spend his time on
higher value add activities like further process improvements.
We will see, in my lifetime, the complete,man free automation of manufacturing,
where computers manage lower level computers and man checks in over a virtual
network. We will do less and less of the physical elements ourselves. Humanity has always seemed to strive toward a position where we create machines to do work for
us, whilst we think about the next best way of improving it, and I hope very much that
this situation will never change.
IN DECEMBER
2014
-Matthias Breunig, Partner,McKinsey and Co Hamburg
- Scott Fawcett, DivisionalManaging Director, EssentraComponents
- Christina Patsioura,IoT Research Analyst,Beecham Research LTD
- Ed Fagan, OperationsManager, London Museum ofWater and Steam