NCSAM: Industrial Revolution 4.0. Where Is It and Where Is It Going?

Industrial Revolution 4.0. Where Is It and Where Is It Going?

The Industrial Revolution—4.0. A Move Towards Digitization.

The Industrial Revolution 4.0, also known as Industry 4.0, uses IoT and systems to collect large amounts of data that can be used by manufacturers to analyze and improve their work.

This allows companies to use these huge sets of data to draw insights that can be used to make important decisions quickly.

The Smart Factory will be at the heart of Industry 4.0. The supply chain and production line will take on board information and communication technology for a huge evolution in automation and efficiency.

Machines will use self-optimization, configuration, and AI to complete complex tasks to deliver extreme cost efficiencies and higher quality products.

International Data Corporation estimates the economic value of digital transformation to be $20 trillion, or more than 20% of gross domestic product (GDP).

This opportunity does not come without a challenge.

Rethinking markets, investments, ROI, value chains, changing organizations, technology, business/workforce training approaches are all necessary to implement production standards and solutions that would enable this path to the Industrial Revolution 4.0.

An exclusive report by MarketsandMarkets™ estimates Industry 4.0 market worth to be $156.6 billion by 2024.

Industry 4.0 and Cybersecurity = Vulnerabilities.

“No company in manufacturing—or, for that matter, any industry—should attempt digital transformation without focusing on cybersecurity as a vital component of every single process and decision”

—Al Perlman, co-founder of New Reality Media, and award-winning technology journalist (Security Roundtable).

Perlman argues, making cybersecurity the highest priority of the organization and ensuring that cybersecurity is considered whenever new technologies, processes, or procedures are deployed (or even discussed) is the only safe way forward in the path to Industry 4.0.

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