Gyan Prakash, VP - Enterprise IT, SCADA Geoinformatics Pvt. Ltd.   

“Technological advances change the way humans produce things and do services. The present step into production technology, which is completely different from the past, is called the industrial revolution. The new production technologies fundamentally change the working conditions and lifestyles of people. We have witnessed a drastic change from the First Industrial Revolution to Industry 4.0 - the era of the Industrial Revolution.

The Fourth Industrial Revolution or Industry 4.0 - the advent of the Internet of Things (IoT), and application of advanced technologies at production level bring new values and services for customers and organization. Companies are eager to introduce new & advanced technologies to improve quality, efficiency and effectiveness of resources/processes, reduce risks, and to remain competitive in the market.

The smart world which is subset of Industry 4.0 is set to enhance everyday things with abilities of sensation, communication, computation and intelligence so that many tasks and processes could be simplified, more efficient, and enjoyable.

Management & tracking of assets, people and services have emerged an important aspect of enterprise management in Industrial 4.0 era. Manufacturing companies are putting sensors in their plants to gather data to productivity and downtime planning. Customers will also enjoy a new level of personally customized products that may have never been available before.”