Meaning of Industry 4.0

QUESTION ANSWER

Contents
TASK 1.................................................................................................................................................3
TASK 2.................................................................................................................................................5
REFERENCES......................................................................................................................................7

TASK 1
Meaning of Industry 4.0
Industry 4.0 refers to the latest trends which is emerging in the market regarding
carrying the automation and data exchanges procedure in fast and speedy bases. It mainly
deals in manufacturing the technologies which is related to the cyber exchange system, the
internet of things, cloud computing which stored large number of information and also
artificial intelligence (Gallagher, 2017). The main reason of adapting the concept of 4.0 in
business is relating to increasing the use of system regarding providing the job opportunities
to the people. From the report of survey, it is predicted that most of the experts are in
opinion of imputing the industry 4.0 in their business regarding reducing the cost of labor and
also increasing the manufacturing of the product with low cost resources.
Technology involved under Industry 4.0:
The major technologies in which the industry 4.0 operates is relating to the cloud
computing in which the data is to be stored in various ways. If any information is to be
searched that it provides the platform to search for the particular things with the detailed
information (Dean & Spoehr, 2018).
Cognitive computing:
This technology mainly describes the data services which is mainly used by many
users in respect of searching for the useful information through the internet. It is generally not
easy to access as it is costly and not limited companies are allowed to access it, in respect of
carrying any searching for any particular things. In case of understanding the industry 4.0
technology which is stated as cognitive computing, it indicated as it refers to the mini
hardware and software which is mainly undertaken regarding minimizing the use of human
brains and also provide useful information to them (Aldridge & and et.al., 2019). The main
features which this technology carries are in respect of adaptive which indicated that they
helps in changing the information regarding providing useful things which is linked up with
the real time.
It helps in interacting with the users in better manner. As by this aspects, users can
freely discuss their needs and also get accurate reverts through this technology. This is
mainly adapted by the business which faces conflict regarding reaching to large number of
people in respect of interacting with them and knowing about the services which they are
offering (Aljukic, 2017). Thus, by this manner, it results in gaining benefits through retaining
their business by presenting the positive aspects in right manner.
Artificial intelligences:
Another technology which is defined under the industry 4.0 is relating to the artificial
intelligences. In this technology, it mainly related to the machine intelligence which is
reflecting the human mind. This is mainly adapted in respect of taking the right action which
is undertaking in environment and helping the company to take the right action regarding
minimizing the effects which is undertaking in environment (Loveder, 2017). Due to changes
in time, the use of machine are increasing and also reducing the risk in the business in respect
of not completing the task within the set time limit.