- On 16 April 2018
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Maintenance world at its best through Big Data analysis
What is BOOST 4.0?
Boost 4.0, starting 1st January 2018 and with a duration of 3 years, is the biggest European initiative in Big Data for Industry 4.0. With a 20M€ budget and leveraging 100M€ of private investment, Boost 4.0 will lead the construction of the European Industrial Data Space to improve the competitiveness of Industry 4.0 and will guide the European manufacturing industry in the introduction of Big Data in the factory, providing the industrial sector with the necessary tools to obtain the maximum benefit of Big Data. In this project 50 partners, companies of all sizes and universities, will collaborate. To see the partners click here (http://boost40.eu/consortium/).
But what is industry 4.0? or factories 4.0?
Industry 4.0 is the 4th era of industry in which “computers and automation will come together in an entirely new way, with robotics connected remotely to computer systems equipped with machine learning algorithms that can learn and control the robotics with very little input from human operators.” Through the introduction of the term “smart factory” IoT technologies are widely researched for use in the factories. In that way, humans will have the least possible interaction with machines, but through IoT will have all the statistical data they need. In order for a factory to be characterized as smart, it needs to have these 4 characteristics: interoperability, information transparency, technical assistance and decentralized decision-making. Key words considering Industry 4.0: Artificial intelligence, IoT, Quantum computing, Big Data
Forbes,” What everyone should know about Industry 4.0”. accessed at: 20.2.2018, available at: https://www.forbes.com/sites/bernardmarr/2016/06/20/what-everyone-must-know-about-industry-4-0/#18908b44795f
How does Big Data correlate with Industry 4.0?
The analysis of Big Data is expected to bring billions of dollars in manufacturing for the next years. Despite that, only 3% of useful manufacturing data is tagged and manufacturing industry are currently losing up to 99% of the data value they capture since evidence cannot be presented at the speed decisions are made (McKinsey) and only half of industry is currently using any data to drive decisions with a much lower 15% of EU industry employing Big Data solutions as part of value creation and business processes.
How will this help maintenance world – why are we in the project?
ATLANTIS Engineering will contribute in addressing the application of big data at all stages of the factory life cycle and will focus on offering predictive maintenance. In this way, maintenance managers will have all the necessary information and analytics provided to them in an intuitive HMI (Human-Machine Interface), in order to effectively plan an efficient maintenance department and to reduce costs. Big data in Industry 4.0 is not just entering factories in general, but every part of the factory.
For more information follow the website of the project: http://boost40.eu/