4th Industrial Revolution

Research is done by NITTSD along with IIT Bombay Alumni Foundation on

Industry 4.0 & Career in the future

Industry 4.0—What Does It Mean to Your Operations? | Automation World

This is the era of Industry 4.0 , Make yourself ready to survive in this technological revolution 4.0


Industry 4.0 that is 4th Industrial Revolution demands the Technical Skills rather than formal Academic Education.
Many big MNCs like L&T , Siemens Infosys etc. started to recruit the people based on their Technical Skills irrespective of their Formal Academic Qualification.

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What is Industry 4.0 ?

In simple words , Industry 4.0 is the 4th Industrial revolution in which the large scale industrial production & manufacturing can be possible in a lower span of time with the help of advanced automation & technologies.

Industry 4.0 uses maximum Automation & AI algorithms to reduce human participation in the process of  manufacturing & Services

We are going through the era of industry 4.0 currently. Much more technological advancement will be expected to happen in the future which will be out of our imagination like flying car etc.

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Phases of Industrial Revolutions
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INDUSTRIAL REVOLUTION

PERIOD

REASON

  • 1st Industrial Revolution

1750 – 1870

Because of the Invention of Steam Engine

  • 2nd Industrial Revolution

1871 – 1960

Because of the Invention of Electricity

  • 3rd Industrial Revolution

1969 – 2013

Because of the Invention of Internet

  • 4th Industrial Revolution

Started Now

Happening  because of ( Check points below )

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There are 8 Major Technologies on which Industry 4.0 is based on,
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If you want to survive in the future then you must have a proper hold over any of the technologies mentioned below

  1. Programming & Coding
  2. Artificial Intelligence & Machine Learning (AIML)
  3. Big Data & Data Analyst
  4. Blockchain Technology
  5. Robotics & Automation
  6. 3D Printing
  7. IOT
  8. Augmented Reality

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Benefits of Industry 4.0
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  1. Industrial Manufacturing & Production will improve drastically.
  2. The service sectors will grow faster because of available advanced tools like social media.
  3. The rate of Economic welfare will be improved.
  4. The revolution will happen in all the sectors like Education, Healthcare, Securities, Construction , Pharma , Banking , Automobile etc.

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Drawbacks of Industry 4.0
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  1. Inflation can be increase to the high extend.
  2. Huge unemployment can happen in the future because technology takes over human intervention in the process.

According to research done by Oxford Martine School (Oxford University) in 2013 , the research shows that the 77% of Job in the CHINA , 69% of the job in INDIA & 47% of the Job in the USA will be irrelevant in next 2 decades after 2013.
Industry 4.0 is not the option now , It is mandatory & will rule the world in the future. People who will adopt Industry 4.0 as fast as they can, they will lead the world in the future.

HOW WILL YOU MAKE YOURSELF TO BE PROFESSIONALLY SURVIVED IN THE ERA OF INDUSTRY 4.0 ?

IF YOU ARE STUCK TO THE FORMAL ACADEMIC CURRICULUM ONLY ? THEN YOU WILL BE NOWHERE IN THE FUTURE.

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