The Fourth Industrial Revolution (4IR or Industry 4.0) is the ongoing automation of traditional manufacturing and industrial practices, using modern smart technology. Large-scale machine-to-machine communication (M2M) and the internet of things (IoT) are integrated for increased automation, improved communication and self-monitoring, and production of smart machines that can analyze and diagnose issues without the need for human intervention.
Fourth Industrial Revolution – Michigan Manufacturers Need To Get On Board Or Get Left Behind
ANN ARBOR - Neil Balduc, the owner of Tritegrity Machine, a small Tier 2 CNC manufacturer in Michigan’s Upper Peninsula, was ecstatic when he got word from the Michigan Economic Development Corp. that he was awarded a matching grant of $25,000 from the Industry 4.0 fund. The money allowed him to buy a co-bot for