Industry 4.0, frequently referred to as the "Connected Factory", represents the fourth industrial revolution, after that of mechanisation, mass production and automation. With the advent of digitisation, industry is becoming a global interconnected system in which humans, machines, systems and products are constantly communicating. Interconnection allows factories to become more competitive through increased performance and safety. They thus produce both customised products and associated services. Industry 4.0 is a fast-growing sector where innovation is a priority. It reflects the urgent need to accelerate the digitalisation of industry.
To stay competitive, manufacturing companies need to overcome many challenges, such as:
A smart factory combines state-of-the-art technologies which help in optimizing the entire manufacturing process and thus increase overall profits. These technologies can be Artificial Intelligence, Blockchain, Internet of Things, Robotics, etc. In a nutshell, it is all about harnessing data!
For instance, LIST supports its partners in their digital transformation by working on the design of new architectures for the collection, storage, use and restitution of the masses of data generated during the manufacturing process, which, given their volume, require a specific Big Data type architecture. The masses of data collected in this way must be used to automate, make reliable and optimise manufacturing processes. To achieve this, different statistical analysis and Machine Learning approaches are used. Moving towards Industry 4.0 represents the promise of real flexibility in manufacturing, mass customisation, increased speed, better quality and improved productivity.
At LIST, we believe that the Factory of the Future will be connected, optimized and predictable, and sustainable by design:
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