Digitalisation and connection with Industry 4.0. Has definitely changed the world economics playground leading to the massive movement of change in GDP. In terms of billion dollars of markers. Any kind of evolution in the digital world. Brings a change in the development of the GDP. In different countries may be in a positive or negative way. The way to counteract such evolution is to … Continue reading What changes digitalization investment brought in different countries?

With the rise of digitalization and the evolution of the automation world. Customers are focusing more on the quality level of products than just the quantity. Can Industry 4.0 become the reason for its downfall and become a slogan for “cheaper production”. The countries with cheaper values of their production line were selling their products. With the slogan tag of availability of area at a … Continue reading Is Industry 4.0 creating a downfall for the “cheaper production” slogan?

As per a survey conducted by WordBank, the global industries across the world share a considerate amount of percentage. And also shows the growth in the Industry 4.0. As the change shifted from Industry 3.0 to Industry 4.0. It can be observed that the change was accepted across different countries around the world. The share value of China is 5.6%, US is 3.5%,Japan is 1.8%,Germany … Continue reading Who were the leading countries in Industrial production in 2017?

The move with Industry 4.0 is not targeting the machine to work faster and smarter. The effect of mass customization with Industry 4.0. But become efficient in providing customized products for the customer. To have a better hold among the customer for their better preferences. The key feature is the shift from mass production to the mass customization of mass products. The process resulted in … Continue reading How Industry 4.0 affected Mass customization?

The journey to Industry 5.0 from Industry 1.0 and its impact. At the end of the 18th century, the First Industrial Revolution or Industry 1.0 was traced as the introductory phase. For mechanical production facilities in the form of water. And steam-powered engines contributed by the effort from James Watt. The foundation was laid by the revolutionary movement for the shift from individual cottage businesses. … Continue reading How industry revolutionized into Industry 5.0?

The main technologies in Industry 4.0 are :- Additive Manufacturing, Artificial Intelligence and Robotics, Cloud computing, Big Data and Analytics, Internet of Things, Virtual and Augmented Reality and Cybersecurity. As the discussion shows, the key technologies used are for the advancement of the Industry 4.0 solutions. As we can see, the topic covers a wide area of industrial production area and zone. Source:- BCG, Statista. Continue reading Which key technologies transformed the industrial production?

As with all goods being in demand by the customers. There is one thing to do with automating the manufacturing system to meet the demand. Is there any impact of the industrial evolution on the manufacturing system? Once it proved its value among the customer. And maintain the quantity with quality. The supply is important in a proper. And the smarter way to satisfy the … Continue reading How the industrial evolution is impacting the manufacturing system?