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Industry 4.0: Crafting the Future With AI, Robotics, and Automation

Stanley Black & Decker partners with Techstars to help startups bring on advanced manufacturing

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Industry 4.0: Crafting the Future With AI, Robotics, and Automation

Stanley Black & Decker partners with Techstars to help startups bring on advanced manufacturing

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Ryan E. Day
Thu, 05/13/2021 - 12:03
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Just like its predecessors, this fourth industrial revolution (dubbed Industry 4.0 in 2011) is all about increasing productivity. Unlike the first three revolutions, today’s pivotal technologies hold forth the possibility to also improve efficiency, quality, and human satisfaction.

Steam power, electrical power, and basic computer tech were the prominent themes that brought us out of a world where everything was literally handmade. These technologies were all, more or less, multipliers of manual labor. Basically, it was total throughput that was enhanced. The modern assembly line may be the final contribution to these first revolutions and represents the pinnacle of the “more output without more input” modality.

But manufacturing is now a global competition, and it is fierce. Gaining market share—and often just getting a foot in the door of commerce—requires more than increased throughput. We need better ways of building things. So, manufacturing and process engineers across the globe are doing what humans are famous for: tinkering.

The modalities being tinkered with—artificial intelligence (AI), robotics, automation, and IIoT—comprise the backbone of this fourth industrial revolution—aka advanced manufacturing.

 …

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Submitted by Anonymous (not verified) on Thu, 06/10/2021 - 10:02

Anonymousin

Industrial IoT solutions have been changing the way the industry works for the last few years. We can now have real-time monitoring devices at a low cost that sends data to an algorithm on a continuous basis. With the added power of Machine Learning, it can detect whether there is something going wrong with a machine… make a prediction. Hakuna Matata Solutions have been providing Industrial IoT solutions for more than 15 years helping enterprises increase ROI

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