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How Industry 4.0 technologies are changing manufacturing

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Experts worldwide including Tolga Akcay give us an insight into the industry of the future.

Physical, digital, and biological barriers were generally known as the Fourth Industrial Revolution. Artificial intelligence, 3D printing, quantum computing, and other technologies tried to make it. It’s the driving force behind a slew of goods and services that are quickly becoming vital in today’s world. Consider voice-activated virtual assistants like Apple’s Siri, tailored Netflix suggestions, and Facebook’s ability to identify your face and tag you in a friend’s picture.

Tolga Akcay, entrepreneur, business consultant and author, has put his expertise on paper, releasing successful books: THE BLOCKCHAIN COMPASS – Welcome to the World of Blockchain and THE AI COMPASS – Welcome to the World of Artificial Intelligence.

The following work by the author THE FATE OF GLOBALIZATION – IN THE NEW WORLD ORDER (about the consequences of the War in Ukraine, Industry 4.0, Great Reset and the resulting changes in the global economy) is already arousing great excitement.

The Fourth Industrial Revolution is setting the path for dramatic changes in the way we live and fundamentally affecting practically every economic sector due to this perfect storm of technology. It’s all occurring at a breakneck speed (which is why Tolga Akcay is active as a professional business consultant for his clients to stay up with rapidly changing customer expectations).

Starting of Fourth Industrial Revolution?

While the Fourth Industrial Revolution (also known as Industry 4.0) is poised to transform society in unprecedented ways, therefore it comprises the foundations of the previous three industrial revolutions. The invention of the steam engine in the 18th century ushered in the first industrial revolution, enabling for the first time the mechanization of industry and driving social transformation as people grew more urbanized.

Electricity and other technological advances led to mass manufacturing during the second industrial revolution. Computers and digital technology were born during the third industrial revolution, which began in the 1950s. As a result, manufacturing has become more automated, causing upheaval in finance, energy, and communications.

Klaus Schwab, the founder and executive chairman of the World Economic Forum and author of the book The Fourth Industrial Revolution, was the one who coined the term new revolution to describe today’s developments. The 4th Industrial Revolution, like earlier revolutions, has the potential to boost global income levels and improve people’s quality of life all across the world.

Transportation and communication costs will decrease, logistics and global supply chains will improve, and trade costs will decrease, all of which will create new markets and spur economic development.

However, the news isn’t all rosy. Especially in its potential to disrupt labor markets, the revolution might lead to more inequality. Furthermore, the employment market may become increasingly divided between “low-skill/low-pay” and “high-skill/high-pay” jobs, thereby exacerbating societal conflict.

Basic IIoT Concepts and Glossary of Terms

The industrial internet of things, or industrial IoT, is a term that refers to the internet of items used in industry. It’s an industrial framework for connecting and synchronizing many equipment and devices.

Software and third-platform technology advancements are essential to IIoT’s involvement in Industry 4.0.

As a result of the IIoT, more devices now have embedded computers. It allows devices to communicate and collaborate with other devices and regulators. Decentralized analytics and decision-making are the results.

The IIoT allows for real-time replies. When water levels reach a specific equilibrium, linked hot tubs order additional bromine, and pipes shut off when pressure climbs.

The most straightforward method to comprehend the Fourth Industrial Revolution is concentrating on the technology that drives it. The following are some of them:

Blockchain Technology

Blockchain is a decentralized, secure, and transparent method of recording and distributing data that does not need the use of third-party intermediaries. The most well-known Blockchain application is the digital currency Bitcoin. Other applications for the technique include making supply chains traceable, anonymously safeguarding sensitive medical data, and preventing voting fraud.

Artificial Intelligence

Artificial intelligence (AI) refers to computers that can “think” like humans. They can recognize complicated patterns, process data, draw conclusions, and make suggestions. AI is available in various applications, from detecting patterns in large amounts of unstructured data to powering your phone’s autocorrect.

Environmental Protection or Cyber Attacks

Industry 4.0 promotes connection and the use of industry-standard communications protocols. This connection requires safe, dependable communications, advanced machine access control, and user identification verification.

On the other hand, increased connectivity has resulted in a rise in cybercrime risks to critical industrial systems and production lines. As a result of Industry 4.0, attackers are increasingly targeting the industrial and energy industries. Cyber attackers will traverse across a manufacturing network to carry out destructive actions, bouncing between IT and OT systems.

Without sufficient safeguards, malicious individuals exploit systems for:

  • intellectual-property theft
  • production sabotage
  • industrial espionage
  • IP leakage

The recent hacking of Colonial Pipeline is an example of how cybercriminals may cause significant damage.

Sustainability

Regarding sustainability advantages (zero impact—lower-cost—social fairness), the introduction of Industry 4.0 presents the possibility of connecting technology with resources and talents. Based on the availability of footprint data and verifiable analysis, Industry 4.0 may lower the environmental effect, a process, or a service.

It also aids in leveraging improved function efficiency, such as resource consumption reduction. As a result, Industry 4.0 might help establish digitally sustainable operations that help achieve the SDGs. Furthermore, the advancement of innovative technology expects to impact sustainability.

Industry 4.0’s potential remains untapped, as does its influence on other sectors such as socio-environmental sustainability and the creation of prospects for Industry 4.0 realization via intelligent systems.

Business consulting

Industry 4.0 refers to the present state of data and automation interchange in manufacturing goods for use or sale employing machines, tools, and other equipment. The internet of things (IoT), cognitive computing, and cloud computing are all part of it. A smart factory is another name for it. Thanks to this technology, cyber-physical systems can collaborate and interact with people in real time.

Some businesses attempt to adapt to new technology, while others fail to educate themselves on recent advancements and so lose out on the possibility to lead the transformation. They do not adapt to the shifting technological scene. A firm that has begun this transformational path can compete successfully in the market while lowering expenses and increasing profits.

Global trade

The Industrial Revolution idea came up with Britain’s success in international commerce, which resulted in a high-wage, low-energy economy. High salaries and affordable energy fostered a need for technologies that might replace labor with capital and power. These incentives are available in a wide range of sectors.

About Tolga Akcay

Tolga Akcay is a successful business consultant, entrepreneur, and expert in the disciplines of digitalization, Blockchain technology, artificial intelligence (AI) and an author.

He studied business administration and earned a master’s degree in corporate management earlier in his career. After that, he received training in Germany and the United States, specializing in digitization, artificial intelligence, and blockchain technology in order to continue his business career. Currently, he works closely with business owners and managers in Europe, USA, and China to improve operations and efficiencies.

Conclusion

The primary promise of “industry 4.0” is both intriguing and stunning. It is supplying the industry with a revolution in digital system improvement. The benefits of an Industry 4.0 model may outweigh the concerns raised by many manufacturing facilities. The health and safety of human employees significantly improved in high-risk working conditions. When data is available at every production and distribution chain level, supply chains are more readily defined. Computer control might lead to much more consistent and safe production and productivity. Many firms might benefit from increased sales, profitability, and market share.

Aakash Kumar Jha is one of the youngest Digital Entrepreneur with over 06 Years of experience in Digital Sector.

Entrepreneurs

A Global Business Consultant and An Author Who Desires To Share Knowledge, Tolga Akcay

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The pandemic has hastened the rise of robotics, digitization, and the emergence of Industry 4.0, which focuses on the use of Artificial Intelligence (AI), Big Data, and the Internet of Things (IoT). Industry 4.0 embodies these systems and incorporates greater human intelligence.

Experts from all over the world, such as Tolga Akcay, who specializes in developing tailor-made solutions that help businesses succeed, are living and prospering in this new era. Tolga works in Business Consulting, advising global corporations on blockchain technology, artificial intelligence, and digitization. As a business consultant, he ensures that global corporate connections are established that can easily and quickly ally with all of the world’s top executives.

He collaborates directly with business owners and managers to provide expert solutions to IT specialists, marketing specialists, and manufacturers in order to improve overall operations. Because he can only draw on an international network of over 200 companies and freelance experts who work directly in analysis, programming, enforcement, and marketing with expert solutions, all of his efforts are focused on ensuring the company’s continued growth.

Tolga’s goal as a business consultant is to identify business owners’ problems and provide them with a comprehensive picture of their company.

With the successful books The Blockchain Compass – Welcome To The World Of Blockchain and The AI Compass – Welcome To The World Of Artificial Intelligence, he has put his knowledge to paper. The Fate Of Globalization – In The New World Order by the author is already generating a lot of interest (about the consequences of the Ukraine War, Industry 4.0).

Tolga Akcay is a great supporter to sharing the information that you need to improve the encounters and lives of people around you, which is the reason he decides not to desire these important data but rather to share it all things being equal

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BUSINESS

10 Tips to level up and become successful entrepreneurs

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Arash Tahami

Arash Tahami is one of the most globally successful entrepreneurs. Specialising in eCommerce, cryptocurrency and NFT, branding and marketing – yet his skills do not stop there. As he travels around in his luxury supercars, Arash endorses a wide range of businesses he’s built from the ground up:

Arash likes to spend his spare time endorsing music, DJing and hosting lavish parties filled with incredible looking women. Make sure he looks the part, dressed in designer from head to toe. Arash says ‘being an entrepreneur is a lifestyle, not just a job.’

Now, Arash Tahami exposes his top tips for those ready to level up and become successful entrepreneurs.

1. Work as if you are going to retire tomorrow:

As an entrepreneur, you need to work as if you’re going to retire tomorrow. You need to have the mindset that your work isn’t just a job but a lifestyle change. Incorporate it into your everyday activities and make money from it. Once you unlock this technique, you’ll never feel as though you’re working a day in your life again.

2. Focus on your strong points:

More businesses die from indigestion than starvation. In other words, don’t overwhelm yourself with too many things at a time. Instead, focus on less, but learn how to do them very well.

3. Move fast – progress fast:

Don’t waste too much time on one thing. Too many opportunities will pass you by when you have tunnel vision and are stuck on one thing. A quote from Mark Zuckerberg that Arash likes to live by: ‘You usually do not act fast enough in matters except in the matters in which you screw up’.

4. Be a problem solver:

Problems are inevitable in any situation, but it’s how you deal with them. Look at issues from a logical standpoint and always be willing to resolve them. Obstacles and failures are a necessity in order to help learn and grow.

5. Be flexible but determined:

A successful entrepreneur must be competent in taking action and accomplishing results. You need to constantly learn and adapt to new knowledge and situations as they arise. However, please do not lose sight of your goals and remain firm with the direction you are headed in order to achieve them.

6. Never accept ‘no’ as an answer:

If you ask for an opportunity or help and are met with resistance or roadblocks, do not consider this a determining factor in your success. Rather, see it as an obstacle to overcome or a redirection towards better things.

7. Love yourself:

Your mindset and the words you feed it daily are imperative for your mental health and success. Not everyone is going to care about you or your feelings. You must remain strong and stop worrying about what others think or say. Focus on being your own biggest supporter and telling yourself positive thoughts daily.

8. Just Do it:

There’s no time like now. Stop sitting around waiting for the perfect time or motivation. Take action and just do it. Success isn’t gained overnight but rather small consistent steps over time. Victory comes from failure. Each time you get back up and move forward is another small step towards success. What you do today is the foundation for your future.

9. Live an idealistic and passionate life:

True success is achieved when you believe in your goals and are passionate about the results of your work. Your energy will inspire potential investors and allies and help grow your business. Your excitement can motivate others to want to be around you and draw their attention.

10. Surround yourself with people who inspire you:

Whether it’s your next employee or your circle of friends, always surround yourself with quality people who inspire and push you to be better. You can learn a lot from the people you spend your time with. Don’t be intimidated by people who are more intelligent or more successful than you. Use it as a tool to learn from them and elevate yourself to higher levels.

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BUSINESS

Archana Sinha, Influencer and CEO Of Nourishing Schools Foundation

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Archana Sinha

Archana Sinha is a nutrition and food safety specialist, writer, influencer, and worldwide voice. She is the Co-Founder and CEO of the Nourishing Schools Foundation, an Ashoka South Asia programme aimed at developing young changemakers who can improve their own and their communities’ nutrition.

In 2015, the SELCO Foundation appointed Archana as an Entrepreneur-in-Residence for the Kowdi Kutumba initiative, which aims to make the traditional North Karnataka handicraft of Kowdi a sustainable source of life for low-income women. She worked as a management consultant for i3 Consulting, a firm created by ex-McKinsey personnel, before joining Ashoka.
She oversaw engagements in which she advised clients in industries such as financial services and e-commerce on business development, strategy, and the establishment of new businesses.

She has been acknowledged as a contributor to the Yellow Books, which are produced by the Food Safety and Standards Authority of India (FSSAI), an autonomous organization within the Ministry of Health and Family Welfare of the Indian government. These books are intended to engage youngsters in discussions about nutrition and food safety. She believes that today’s youth must take the lead in effecting change, and she worked on a project in which children in rural Maharashtra took care of their own nutrition by opening a school canteen that only provided healthy snacks.

She has worked as a journalist for The Asian Age and has contributed to outlets like Your Story, Huffington Post, and Forbes. The Aspen Ideas Festival in the United States has granted her the Spotlight:Health scholarship, and the SELCO Foundation has named her an Entrepreneur-in-Residence

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