09: Industry 4.0 Flashcards Preview

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Flashcards in 09: Industry 4.0 Deck (7)
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1
Q

6 new techs in POM / industry 4.0

A
  • IoT, incl. sensors & nanosensors
  • wearables
  • big data incl. mobile techs
  • Cloud computing & cyber security
  • VR & augmented reality incl. simulation
  • Robotics & AI including drones & machine learning
2
Q

1., 2., 3., 4. industrial revolution =

(2 elements each)

A
  1. ~1780: introduction of mechanical production power by steam & water
  2. ~1870: division of labour + electricity = assembly lines
  3. 1969: electronics & IT systems = mechatronics
  4. ~2010 onwards: use of cyber-physical systems –> internet of things
3
Q

industry 4.0 techs:

3 properties of these techs

A
  • drones
  • additive manufacturing
  • RFID
  • computer controlled machines
  • AI
  • VR
  • internet
  • social media

3 properties of these techs:

  • not really new
  • increasingly cheap
  • coming together
4
Q

3 arguments why industry 4.0 may really be a revolution

+ Consultancies who love this

A
  1. velocity of progress is exponential
  2. high breadth & depth of progress
  3. interdependent system change

+ McKinsey, Boston Consulting Group, PWC, Deloitte, Roland Berger…

5
Q

2 geopolitical implications of industry 4.0

A
  • only a fraction of the world is ready for it
  • could it trigger reshoring (aka backshoring) to developed countries?
6
Q

3 key points about industry 4.0 & lesson from it

A
  • physical & IT world are merging
  • implications are difficult to fully grasp
  • computers are so dexterous that it is difficult to predict how they will be used in a few years

=> become faster at learning!

7
Q

digitization VS digitalization

A

Process of converting analog data into digital form

VS

Adoption of computer technologies in organizations

but both are part of

The physical and digital worlds merging