What is Industry 4.0?
Industry 4.0 introduces Cyber-Physical Production Systems (CPPS) in the manufacturing shop floor, which enables the collection of large amounts of digital data about physical processes in the plant. These data can be combined and analysed in conjunction with other datasets stemming from operators, the supply chain, and business information systems – such as ERP (Enterprise Resource Planning Systems).
The term is closely related to what is being understood as the 4th Industrial Revolution, a movement that started in manufacturing, and that also carries repercussions in the way we live, work, and relate with each other and the world around us. It is about merging the physical and digital, and collecting data to enable exponential, machine powered learning – something to be achieved via a successful digital transformation strategy.
Based on this analysis plant operators and business management can derive useful insights on how to drive optimizations in industrial processes and to improve manufacturing decisions. A network of machines, spaces and people allow for information sharing and that allows for more efficient, productive, and less wasteful systems. Overall, Industry 4.0 facilitates data-driven manufacturing, which offers several compelling value propositions to manufacturing enterprises.
Is Upkip an industry 4.0 Technology?
Yes, Upkip is an Industry 4.0 Technology. The system collects large amounts of data about physical processes in the factory combined and analysed in conjunction with other datasets stemming from operators, the supply chain, and business information systems (e.g., ERP, CMMS, MES, CRM).