Emerging Managers
Mr. Indraneel Bapat Kirloskar Institute of Advanced Management Studies, Pune
Industry 4.0 People, machines, and products are directly workforce. What started as standardization of tasks networked with one another: the fourth industrial in simple processes, ultimately paved the way for revolution has begun. the beginning of automation and initiation of the second industrial revolution. The term "Industry 4.0", shortened to I4.0 or simply I4, originated in 2011 from a project in the hightech strategy of the German government, which promotes the computerization of manufacturing. The phrase Fourth Industrial Revolution was first introduced by Klaus Schwab, executive chairman of the World Economic Forum, in a 2015 article published by Foreign Affairs, "Mastering the Fourth Industrial Revolution�. Before trying to understand the fourth industrial revolution and its real-world implementation, we must look at the beginning of the industrial revolution and its gradual advent towards today’s The aftermath of the second world war was the technology-oriented industrial environment. massive industrial growth in the post-war western The beginning of the industrial revolution started in world. However, mechanization was a pestering Europe with the mechanization of simple jobs like issue in innovation and new product development weaving cloth, printing on paper, etc. However, as mechanical systems had their limitations. Thus, most of the mechanization was highly localized and the growth of electronics & electrical technology each process of manufacturing required a dedicated was going to be a breakthrough with the production
KAIZEN’S OPERATIONS & RESEARCH ENTITY
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