Industry Revolutions and Innovations

These flashcards cover key concepts related to the evolution of industry, focusing on four industrial revolutions and the technologies shaping modern manufacturing.

Industry 4.0

A trend in industrial automation that integrates new technologies to improve working conditions and increase productivity.

Velocity as Currency

The concept that speed is the new currency in business, providing a positional advantage over competitors.

Additive Manufacturing

A manufacturing process that creates objects by adding material layer by layer, allowing for high flexibility and customized production.

Internet of Things (IoT)

A network of physical devices that connect to the internet, enabling data collection and interaction across different machines.

Cloud Manufacturing

A model that focuses on accessibility and collaboration in supply chain processes by using cloud technologies.

Cybersecurity

The practice of protecting systems and networks from digital attacks, crucial for industries implementing advanced technologies.

Big Data and Analytics

Techniques for processing and analyzing large data sets, enabling better predictions and decision-making.

Digital Manufacturing

An approach that integrates digital technologies in all phases of the manufacturing process to enhance efficiency and flexibility.

Simulation

The use of models to test ideas or predictions about the performance of products or processes before physical production.

Lean Manufacturing

A production approach that seeks to minimize waste without sacrificing productivity.