Industry 4.0 (the ‘fourth industrial revolution’) refers to the current trend of improved automation, machine-to-machine and human-to-machine communication, artificial intelligence, continued technological improvements and digitalisation in manufacturing.
This trend is enabled by four key drivers:
- rising data volumes, computational power and connectivity
- the emergence of analytics and business-intelligence capabilities
- new forms of human-machine interaction, such as touch interfaces and augmented-reality systems and
- improvements in transferring digital instructions to the physical world, such as robotics and 3D printing.
Industry 4.0 is now a globally accepted reality that is affecting almost every industry across the world and is rapidly transforming how businesses operate.
"Australia should see the fourth industrial revolution as an opportunity. If we establish a broad-based capability to use global engineering and manufacturing platforms based on advanced materials, the often spruiked access by our SME’s to global supply chains are more a reality now than they have been at any time in the past"
Jeff Connolly, Chair of the Prime Minister’s Industry 4.0 Taskforce
Prime Minister's Industry 4.0 Taskforce
The Prime Minister's Taskforce was formed following the release of the report of the Australia-Germany Advisory Group in November 2015. The Australia-Germany Advisory Group recommended collaboration between government and industry in both countries on Industry 4.0, including initiating a collaborative approach to the development of global Industry 4.0 standards.