Industry 4.0

subject Type Homework Help
subject Pages 7
subject Words 1959
subject School LUMS
subject Course Disc 230

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Group 11
1. Saad Bin Shakeel (22110324)
2. Farwa Abid (22110168)
3. Nimra Arshad (22110217)
4. Atir Attique (22110191)
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Introduction
The 1st industrial revolution, which took place around the end of seventeenth century, was
propelled by mechanization, water power and the invention of steam engines. The assembly lines
led the 2nd Industrial Revolution, initiated by Henry Ford. The 3rd industrial revolution that took
place in the 1970's was set in motion by automation of production processes and computers. The
term Industry 4.0 first emerged at the Hannover Fair in 2011.
The concept Industry 4.0 is really the fourth industrial revolution that turns conventional
machines into self-conscious and self-learning machines to boost their overall performance. It
encourages the connection of physical objects such as sensors, devices, and enterprise assets,
both to each other and to the Internet. Thereby, it regulates the whole value chain of the product
life cycle. It aims to build an open, smart manufacturing platform for industrial-networked
information application. It can be seen as the digital combination of cyber-physical systems with
the internet of things which translates into downstream services.
Perceived Advantages
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