World Monitor Magazine, #5, Industry World Monitor Magazine, Industrial Overview | Page 22

EXPERT OPINION

The future of production:
industry 4.0, digitalisation
and digital enterprise
As of 2013 Germany has been
accomplishing ‘Industry 4.0’ – a strategic
initiative aimed at combining production
and information technologies. It is
widely known that previous industrial
revolutions were driven by mechanization,
electrification and automatization. The
fourth industrial revolution interconnects
machinery with equipment due to the
development of information technologies
and control processes without any direct
involvement from humans.
Audris Barcevicius,
President and CEO,
Siemens Central Asia

The world
of industrial
production has
already entered
a new era called
‘Industry 4.0’
where real and
virtual worlds
are connected to
create a product.

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world monitor

Such tendencies as the growth of global
competition, demand for
individual products,
work with massive
amounts of
data and
the rapid

development of technologies in various
spheres determine changes in industrial
production. The growing expansion of
digital and internet technologies reverses
the chain of industrial production. The
rapidly growing volume of data contributes
to these changes. According to experts,
we anticipate the volume of digital
information will be growing ten times more
every five years.
‘Industry 4.0’ helps to cope with certain
challenges that the modern world presents
industrial production. Today implementing
the ‘Internet of things’ into the
production field, the ability
of people and things to
interact distantly
via the internet
at any time
and from any