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Context: The Ministry of Railways and Department of Science & Technology have joined hands in partnership with IIT Kanpur for taking up a unique project on ‘Industry 4.0’ by launching a Pilot Project for implementation at Modern Coach Factory, Raebareli.
Benefits and outcomes:
Full transition to the digital factory using ‘Industry 4.0’ across entire value chain from design to production will help enhance productivity hugely by providing insight into production process to take the decisions in real time basis, minimizing human errors by effective monitoring to ensure that resources are put to the best utilization measured by, what is called the Overall Equipment Effectiveness (OEE).
What is ‘Industry 4.0’?
Commonly referred to as the fourth industrial revolution, it is a name given to the current trend of automation, interconnectivity and data exchange in manufacturing technologies to increase productivity.
Industry 4.0 is a complex Cyber-Physical Systems which synergizes production with digital technologies, the Internet of Things, Artificial Intelligence, Big Data & Analytics, Machine Learning and Cloud Computing.
Background:
There are four distinct industrial revolutions that the world either has experienced or continues to experience today.
Industrial Revolution 4.0 can help in transforming India by:
By: Priyank Kishore ProfileResourcesReport error
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