SURVEY: Fourth Industrial Revolution – Business Readiness of the Metal Manufacturing Firms
Internet of things: A network of machines and devices that have built-in connectivity, electronics, software or sensors that allow them to share data and improve efficiency.
Predictive maintenance: A technique that uses condition-monitoring tools to track the performance of equipment to detect possible defects and fix them before they result in failure.
Autonomous robots: Like humans, they have the ability to make their own decisions and then perform an action accordingly.
Additive Manufacturing: 3D printing as it is known, builds up components from scratch, using only the material needed and minimising waste.
Augmented Reality: A technology that superimposes a computer-generated image on a user’s view of the real world.
Simulation – Also called Virtual Reality (VR). The use of computer technology to create a simulated environment.
Cybersecurity: The practice of protecting systems, networks, and programs from digital attacks.
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