Industry 4.0: How to Revolutionize your Business | HKPolyUx on edX

Industry 4.0: How to Revolutionize your Business | HKPolyUx on edX

SPEAKER: Modern society has
gone through three major eras of industrial revolution. Driven by the invention
of steam and water power, the first industrial revolution took
place in the early 19th century. However, work in all industries
was still highly labor intensive. The wide application of
electrical technology hailed the second industrial revolution
in the late 19th century, when manufacturing plants were built, laying
out the infrastructure and processes for the mass production of products. Digitalization in the
20th century gave birth to the third industrial revolution. Computational and data
analysis technologies ensured consistent and efficient
operation of processes. And machines could acquire a
very basic form of intelligence to support decision-making. With the advancement of big data,
cloud computing, data collection and transmission devices, software
and increasingly connected societies, we have stepped into the fourth
industrial revolution, or Industry 4.0. And it is symbolized by the real
time smartness exhibited by machines. So what exactly is the
fourth industrial revolution? What’s it like living in a
world of the Internet of Things? Just how smart can machines be? Will robots take over our jobs? How can organizations and
individuals be best prepared for the onset of this disruptive force? This online course covers these
fascinating topics and more. It is truly an eye opener into
smart products and services for future living. In a factory, such smartness can be
manifested as the intelligent diversion and automation of processes,
cyber-physical systems for enhanced modeling to support
product design, and operations planning. A smart product can even predict its
own potential break down, and thus alert the user to carry out
preventative maintenance to avoid unexpected breakdowns. Massive personalization of products
and services is now very real. Our cities are becoming more
and more connected and smarter. The division of work
between machines and humans is constantly becoming blurred
and is being redefined. We can see this happening in the
manufacturing, transportation, health care, logistics,
and many other industries. Welcome to the world of Industry 4.0. [MUSIC PLAYING]

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