Fourth Industrial Revolution: Internet of Things and other technologies applied to businesses

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A few years ago, the World Economic Forum predicted that one decade would be enough for new technologies to be integrated into the routine of much of the planet’s population: we have reached the age of Industry 4.0., Internet of Things, Big Data and the intensification of robotization and nanotechnology in manufacturing processes, which drove the Fourth Industrial Revolution.

In this new age of digital disruption and media convergence, companies needed to adapt and rethink strategies to use this connection in favor of their businesses. Today, it is much easier to store and share information, changing the way consumers interact and solve their problems.

IoT at the service of companies

The term Internet of Things (IOT) refers to the network of physical objects endowed with electronic parts, such as sensors and software, that are able to collect and exchange data between themselves and with the user. And this technological revolution enables the connection between the physical and the virtual world to be extraordinarily strong, opening borders and modifying markets.

This new era of intelligent objects – devices connected to the IOT – brings products and services to the corporate sector that streamline internal processes, whether on the factory floor or in corporate corridors.

Limitless connections: the future of technology

According to International World Forum data, it is estimated that, by 2025, 10% of the population will wear clothes connected to the internet, 90% will use smartphones, 5% of all consumer products will be available for 3D printing, 10% The United States will be autonomous and 30% of audits will be carried out by artificial intelligence. And this will only be possible due to the consumer’s own behavior, since the demands for more advanced production models that are more focused on their needs and desires are growing exponentially.

Prototyping to reduce waste: Toyotism in business

The Toyota model of production, that is, according to the demand, without accumulation of products and raw materials, becomes the motto and companies create more agile processes and gain efficiency. Integrating new technologies also drives the creative process that leads to intelligent products that are more directed and less prone to waste.

Methodologies such as Design Thinking, Lean, and Scrum can help companies improve the use of these products, or even create new ones, since they lead to solutions focused on customer needs, and Toyotism permeates all of these approaches.

By prototyping services and products, we can perceive points of convergence and divergence, and flaws are remedied in a much shorter time. This increases project value and ensures more assertive deliverables.

Industry 4.0 in Brazil

According to information from the National Industry Confederation (CNI), Brazilian companies are less conservative to use digital technologies to increase productivity, reduce equipment maintenance costs and energy consumption. And increasing work efficiency justifies every investment.

At this level, the Internet of Things becomes fundamental to ensure interoperability, that is, the ability of cyber-physical systems (parts support, assembly stations and products), intelligent people and factories to communicate with each other and ensure, with all the data collected, that processes and decision-making are improved at key moments.

Currently, Brazil has been developing projects aimed at implementing IoT in the industrial sector, before it reaches our daily life: the Indústria 2027 Project is a strong example of how technology can impact some sectors of the economy by integrating advanced technologies of automation, control and innovation in manufacturing processes.

 

Do you want to learn more about how the Internet of Things can be applied to businesses? Download our Executive Summary: Internet of Things applied to businesses

executive-summary-internet-of-things-applied-to-businesses

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