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FOURTH INDUSTRIAL REVOLUTION IN INDIA “INDUSTRY 4.0”

In the Fourth industrial revolution in India or Industry 4.0 refers to develop a new phase in the industrial revolution. This is focus mainly on machine learning, automation, interconnectivity, and real-time data. Industry 4.0 detailed about to as Industrial Internet of things (IIoT) or Smart Manufacturing, uses smart digital technology, machine learning, and large to create a more holistic and better connected with an ecosystem for companies focusing on manufacturing and chain management.

INDUSTRIAL REVOLUTION IN INDIA
On the occasion of the launch of the World Economic Forum (WEF) Center for the Fourth Industrial Revolution in India, Prime Minister Narendra Modi said that ‘Industry 4.0’ has the potential to change the present and future of human life. He said that this is the fourth center in the world after San Francisco, Tokyo, and Beijing, the opening of which will open the doors of immense possibilities in the future.

INDUSTRY HISTORICAL DEVELOPMENT FROM 1.0 TO 4.0

Before digging too much into the what, why, and how of Industry 4.0, it is first beneficial to understand exactly how construction has evolved since the 1800s. There are four different industrial revolutions in India that the world has either experienced or continues to be today.

First Industrial Revolution

The first industrial revolution in India occurred between the late 1700s and the early 1800s. During this period, manufacturing evolved from a focus on manual labor performed by people working through water and steam-powered engines and other types of machine tools to a more customized form of labor.

Second Industrial Revolution

In the early 20th century, the world entered a second industrial revolution in India with the introduction of steel and the use of electricity in factories. The introduction of power-efficient manufacturers to increase efficiency and helped make factory machinery more mobile. It was during this phase that mass production concepts such as assembly lines were introduced as a way to boost productivity.

Third Industrial Revolution

In the third Industrial Revolution starting in 1950, the third industrial revolution in India starts to emerge with new technology. These technologies include production incorporating more electronic and eventually computer technology into their factories. During this time of producer began to experience a change that placed less force on analog and mechanical technology and more on digital technology and automation software.

FOURTH INDUSTRIAL REVOLUTION OR INDUSTRY 4.0

The first industrial revolution took place with the power of water and steam. With the second electric energy, the third revolution is the current ongoing electronic and information technology. In the fourth industrial revolution in India work will be done on merging the IT and manufacturing sectors. The US and Germany started work on it after 2010.

‘Industry 4.0’ was the theme of the annual meeting of the World Economic Forum (www.weforum.org) held in 2016, after which the idea of ​​the Fourth Industrial Revolution in India became increasingly popular.

‘Industry 4.0’ has emerged as a force in the world and is being called the next industrial revolution. It is primarily based on applications such as the Internet of Things (IoT), barrier-free Internet connectivity, high-speed communication technologies, and 3D printing, under which more digitization and the hypothesis of greater linking of products, value chains, business models to each other.

IMPORTANT KEY POINTS OF INDUSTRY 4.0

  1. Emerging fields such as artificial intelligence, machine learning, the Internet of things, blockchain, and big data can take India to new heights of development and improve the lives of citizens.
  2. This is not only an industrial change for India but also a social change. ‘Industry 4.0’ has the potential to bring an irreversible creative change in India. This will accelerate the work required in India and will help in improving work.
  3. The Digital India campaign has taken the data to villages in India. Communication density, internet coverage, and mobile Internet access are expected to increase in the near future.
  4. The telecom sector has grown by 93% and around 500 million Indians now own mobile phones.
  5. India has the highest mobile data consumption in the world and India is a country where data is available at the lowest cost. In this context, India’s digital infrastructure and its interfaces including Aadhaar, UPI, e-NAM, and GEM have played a major role.
  6. The work of connecting all 2.5 lakh gram panchayats with optic fiber will be completed soon. In 2014, only 59-gram panchayats were connected with optic fiber, while at present the number has reached more than 1 lakh.
  7. A few months ago, a national strategy has been formulated to create a strong infrastructure for research in artificial intelligence. The new center will strengthen this process.
  8. The expansion of Industry 4.0 ‘and artificial intelligence will lead to better improvement in the health sector and lower expenditure on health. This will help the farmers, and it will be beneficial for the agriculture sector.
  9. In areas such as traffic and smart mobility, this center can play an important role. The Prime Minister said that in view of the progress in these areas, our goal is ‘Solution for India, Solution for the World’.
  10. Government initiatives like Skill India Mission, Startup India, and Atal Innovation Campaign are preparing the youth for new and emerging technologies.

India Can Play A Big Role In The Fourth Industrial Revolution

India can play a significant role in the fourth global industrial revolution in India based on digital technology. They can do this on the basis of Indian youth. Due to the youth power of the country, India is the second-largest population using the internet on mobile. Also here a large population is able to speak and write English.

According to ‘Bourge Brande’ President of the World Economic Forum has passed this from the agency. However, he said that for this, the country would need to improve the availability of infrastructure and electricity and to be stable in monetary and financial policies.

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Brenda said, ‘India can play a big role in the fourth global industrial revolution in India because more than half of the population here is under 27 years of age. Apart from this, the country has the second largest population of English speakers and who use the Internet on mobile.

He said, “However, the country lags far behind in terms of skills and education.” India can lead the fourth industrial revolution and at the same time improve the quality and durability of its growth and development. The World Economic Forum has already partnered with the Government of India to form the Center for the Fourth Industrial Revolution in Mumbai.

BASIC IIoT CONCEPTS AND TERMINOLOGY

There are hundreds of concepts and terms related to IIoT and Industry 4.0, but here are 12 decisive words and phrases that decide before you know what you want to invest in Industry 4.0 solutions for your business:

BASIC IIoT CONCEPTS AND TERMINOLOGYEnterprise Resource Planning (ERP): Business process management tools that can be used to manage information in an organization.

IoT: IoT stands for the Internet of Things, a concept that refers to the relationship between physical objects such as sensors or machines and the Internet.

IIoT: IIoT refers to the Industrial Internet of Things, a concept that refers to the relationship between people, data, and machines as they relate to manufacturing.

Big Data: Big data refers to large sets of structured or unstructured data that can be compiled, stored, organized, and analyzed to reveal patterns, trends, associations, and opportunities.

Artificial Intelligence (AI): Artificial intelligence is a concept that refers to the ability of a computer to perform tasks and make decisions that historically require some level of human intelligence.

M2M: It stands for machine-to-machine, and refers to the communication that takes place between two different machines via a wireless or wired network.

Digitization: Digitization refers to the process of collecting and converting various types of information into digital format.

Smart Factory: A smart factory is one that invests in and benefits from Industry 4.0 technology, solutions and approaches.

Machine learning: Machine learning refers to the ability that computers have to learn and improve through artificial intelligence – without being explicitly told or programmed to do so.

Cloud Computing: Cloud computing refers to the practice of using interconnected remote servers hosted on the Internet to store, manage, and process information.

Real-time data processing: Real-time data processing refers to the capabilities of computer systems and machines to process data continuously and automatically, and to provide real-time or near-time output and insights.

Ecosystem: An ecosystem, in terms of manufacturing, refers to the potential connectivity of your entire operation — inventory and planning, financial, customer relationships, supply chain management, and manufacturing execution.

Cyber-Physical Systems (CPS): Cyber-physical systems, sometimes referred to as cyber manufacturing, refer to an Industry 4.0-enabled manufacturing environment that allows real-time data collection on every aspect of a manufacturing operation. , Provides analysis and transparency.

Now that you have a better understanding of some of the core concepts related to Industry 4.0, you are ready to dig deeper into how smart manufacturing can revolutionize the way you run and grow your business.

BUSINESS GROWTH IN INDUSTRY 4.0

The growth story of India is remarkable and has become an attractive destination for the world to do business. However, the need of the hour is that universities across the country keep pace with the changes in the world economy in the form of socio-economic and technological changes in the last few decades. For example, Industry 4.0 is going to create a technological revolution and change the dynamics of the business environment, where new industries and jobs will replace traditional industries and jobs.

Revolution In Information Technology

Industry 4.0 is a term given to new digital industrial technologies, including cyber-physical systems, the Internet of Things, cloud computing, cognitive computing, artificial intelligence, robotics, 3D printing, energy storage, and quantum computing. Industry 4.0, also known as the Fourth Industrial Revolution India, will bring further significant changes in the business environment. Future factories will be based on automation and the use of robotics will increase.

The ‘Internet of Things’ (IOT) will change the way of our working style and thinking about the production of the product. This will change the dynamics of manufacturing technologies, leading to changes in the business environment. Such a technological revolution will replace traditional jobs with new jobs in the modern industry. The number of many regular jobs will decrease over time. Due to the increasing trend of automation in manufacturing, there will be no room for workers in factories. However, the demand for skilled jobs may increase.

Career Growth In Industry 4.0

In the future, most people will need multi-track careers and many jobs. This will present an opportunity and challenge to Indian universities and the higher education system. In such a situation a new kind of skill will be required for employment. To meet these needs Indian universities need to make structural changes in terms of curriculum, research, industry interface, leadership, faculty quality, etc.

The need of the hour is that higher education in India should keep pace with economic and social development as well as changes in the business environment in the last few decades. There are many famous universities and educational institutes in India, with no shortage of talent. They can be used to meet the challenges of the Fourth Industrial Revolution in India.

This is possible only when all leading universities focus on enhancing employability with a conscious, conscious, and serious effort through the technology-friendly environment, high-quality research on indigenous issues, and industry participation. For this, a lot of money and effort is required to make higher education in India more effective and relevant. We need to be ready to seize the opportunities of the Fourth Industrial Revolution in India. To do this, universities must create a comprehensive roadmap as well as a strategy for structural change.

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