Industry 4.0 & Internet of Things – Our Definition

Industry 4.0 & Internet of Things - Our Definition

Like all future-relevant industries, the German mechanical engineering sector is also entering a new era – Industry 4.0. The fourth industrial revolution is characterized above all by intelligent and networked systems that not only interconnect production steps but also digitize and simplify the work between people and production. At the heart of these processes is information and communication technology, which is primarily incorporated through the use of the Internet. This article is based on the unique List of the 200 largest mechanical engineering companies in Germany.

    • Article based on database of the 200 largest mechanical engineering companies in Germany
    • Detailed information on the field of activity (production technology, energy plants, construction machinery, packaging machinery, etc.)
    • Including: turnover (2015-2018), number of employees, email, address, telephone number, management, etc.
    • Direct download as Excel file possible via the List Champion online shop
    • Free preview file available on request

Internet of Things

When talking about Industry 4.0, the term Internet of Things is unavoidable. The Internet of Things describes a wide variety of technologies that network physically existing and virtual objects with each other. The “Internet of Things” (IoT) also holds great promise for the mechanical engineering industry. The New York-based startup Augury is one of many startups that improve the efficiency of machines through intelligent systems: Augury has developed sensors that record vibrations and temperatures of machines and use this information with the help of artificial intelligence to assess the functionality of the machines or the “machine health”. If error messages appear, Augury’s system makes recommendations for action. Problems can thus be detected more quickly and production downtimes prevented.

Industry 4.0 = sustainable production?

Sustainability also takes an important position in Industry 4.0 – over 70% of German industrial companies are convinced that Industry 4.0 will reduce CO2 emissions. Important for this are also optimization windows of production processes but also the tracking, management and optimization of energy flows. Through efficient and digitalized energy management, CO2 emissions could be reduced by 10% at the Bosch plant in Homburg, for example, by predicting the course of energy consumption.

Mechanical Engineering in GermanyIn our industry report of the German mechanical engineering industry you will find detailed information on areas of activity, an overview of the locations and clusters of the mechanical engineering industry, key financial figures as well as insights into the gender distribution and sustainability efforts of the sector.

 

Image source: Unsplash

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