How to Handle Industry 4.0

How to Handle Industry 4.0Source: Time of technological revolutionSource: Digitization is necessary Source: Blockchain is a key for traceability
How to Handle Industry 4.0
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How to Handle Industry 4.0

We often hear that the time of technological revolution is behind us: technological breakthroughs are not so obvious, and maybe we are just used to them. Radical changes that are happening now may not be clearly visible on the eye, but its consequences will affect the entire world market. These changes are known as Industry 4.0.

This is an unusual revolution in the sense that it is not destructive enough for a revolution. The past
industrial revolution, when computers were introduced, required a lot of manpower and resources. It was a completely new technology that was difficult to implement in existing equipment, and new development was needed. Industry 4.0 runs rather in the information space and does not require equipment replacement. The main change is integration into ecosystems and communication between computers, which, although it provides all information and analysis, can also make decisions without human.

How Transformation Begins

North American General Electric company introduced the concept of Industrial Internet in late 2012. It became a definition for tight integration of physical and digital spheres that combines big data analytics with the Internet of Things. As the Industry 4.0 this concept covers power generation and distribution, healthcare, food and agriculture industries, manufacturing, public sector, transportation and mining.

With the help of special software, production and distribution data are collected in one distributed database, processed, analyzed, and the program issues ready-made solutions based on this analysis. Thus, the impact of the human factor on the production process is significantly reduced, as well as time and costs are significantly reduced. Manufacturing becomes more flexible and individualized, which increases competitiveness in the market.

There were conducted structured interviews with executives at 330 public North American companies about their organizational and technology management practices, that included elements or whole subsystems like Industry 4.0. It turned out that efficient allocation of resources and computer decision-making strongly affects the efficiency of the enterprise, even when it comes to the savings minutes.

Experiments have also shown effectiveness in sales prediction, user relationship, mining and clustering, recommendation systems, opinion mining, etc.

Governments Need to Be Digitized

Compliance with the new standards is important not only for individual companies that want to be stronger players in the market. Digitization is also necessary for governments, especially developing countries:

1.Industry 4.0 can make the work of state-based organizations and services more efficient:

2. It increases the digital skills gap between modern and developing industries;

3. And decreases corruption.

Digitalization is not the possibility anymore; it is the necessity of the modern world.
Source: Time of technological revolution
Source: Time of technological revolution
Source: Digitization is necessary
Source: Digitization is necessary
Source: Blockchain is a key for traceability
Source: Blockchain is a key for traceability

Are you ready for Industry 4.0?

The use of technology is disproportionately important, but it also requires a degree of preparedness. It includes transformation of industrial manufacturing through digitalization and exploitation of potentials of new technologies. Even for Germany, where Industry 4.0 is a strategic initiative, it's not going to be that fast.

In order to enter the new technological era, production must be equipped with computers with Internet access, logistics 4.0, self-driving car technology, cyber security, software for data processing, and high-quality team of employees. There was conducted a survey of 268 companies from Germany with more than 20 employees. The results showed that 56.5% of all participating companies are not fulfilling any requirements concerning Industry 4.0 readiness.

Software development should help to handle the volume, velocity, and variety of big data, which is constantly producing in the production and delivery process. Those who can do the development faster will be the winners of the race, and their prize will be an undisputed advantage in the market.

How blockchain can add value?

It is not easy for companies and government to develop a universal software to provide decentralized control and advanced connectivity that are collecting and exchanging real-time information with the goal of identifying, locating, tracking, monitoring and optimizing the production processes. Therefore, it makes sense to use the services of companies that are specifically engaged in the software development.

Moreover, there are already technologies for decentralized control, storage and processing of information. It's called blockchain technology.

At its core, blockchain is a distributed database that cannot be manipulated or modified in any way. On this basis, it is possible to develop payment instruments and other tools, necessary for the digitization of production.

For example, the blockchain can be entered data on the owners and employees of the company to get an analogue of electronic passports. For the information to be not only protected from manipulation, but also be originally trustful, it is necessary to add the possibility of its verification. FOODCOIN tool designed this way was called DIGID: DIGital IDentification.

In the blockchain you can record information not only about people, but also about the products and its way. The tool for this is called PRORID: PRoduct ORigin IDentification. It provides trustable traceability of supply chains and protects products from counterfeiting.

If we add payment tools and smart contracts, already developed by FOODCOIN, we can digitize the entire production process, from the purchase of raw materials to the end consumer. You don't need to change equipment to do this. Using a computer or smartphone, manufacturers can make secure trades, plan and analyze the company's work.

Manufacturing and management must be constantly improved, and efficiency increased in order to remain competitiveness. Blockchain is a key for traceability of supply chains, cost efficient document flow, totally digitized workflow, direct marketing with end consumers, risk management improvement.

And if we have a key, isn't it time to open the door?



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