Platform-based business models are particularly popular among the surveyed industrial companies that change products or services with Industry 4.0. In my opinion, Industry 4.0 and digitalization is growing hand in hand where the global market and industry is trying to narrow down more and more with new business model. As innovative technologies are, so does the industry platform. Source:- https://industrie.de/arbeitswelt/neue-geschaeftsmodelle-fuer-die-industrie/ Continue reading Is the platform-based business model favourable?

As per the latest survey by the digital association Bitcom, more than 100 employees from more than 500 industrial companies were questioned. The impact of the fourth industry has been graphically represented:- In my opinion, the survey also shows that how important the role of use or planned Industry 4.0 technologies to be strong to act on various companies. The development of new products or … Continue reading What future holds for industry 4.0?

As the era fourth industry is making rave, so does the employment market. Not without any hurdles, it’s impossible to get a deep insight into the performance of new technologies. Even though we talk about cooperation provides unity but somehow competition will be there to hold the top position in any technology section. The graph below shows which countries are showing a serious attitude and … Continue reading What problem Industry 4.0 is facing?

In my opinion, the impact can be seen as a positive embankment towards Industry 4.0 and with each year it is clearly proving being adopted by more and more companies. Source:- industrie 4.0; bitkom-studie-industrie 4.0. Continue reading How Industry 4.0 is impacted by digitalization?

The Bitkom study surveyed 500+ industrial companies with 100+ employees from mid-February to early April 2020. It reflects both consumer enthusiasm and cautiousness towards Industry 4.0, indicating a slow acceptance of technology and revolution in the industrial sector. Change is gradual in this domain. Source: industrie.de; bitkom-studie-industrie 4.0. Continue reading What is the market opinion about Industry 4.0?

The world of Industry 4.0 is recognized as the modern technologies embedded in a single line of the supply chain to support the heavy manufacturing components smoothly rolling over the belt. As we see through the modern world, the products or components that get manufactured in huge quantity and also in variety with different shape and size makes it difficult to keep a proper count … Continue reading What is automatic detection?

In machine communication, OPC-UA is used as a safety principle and the operation of the principle has been explained. Continue reading How OPC-UA is used as a safety principle for machine communication?