Abstract
Industry 4.0 is the present proclivity of automation to create “Smart Industry” with different technologies such as Internet of Things, Cloud Computing, Big Data, Cyber Security etc. Industries are in urge to increase their revenue by understanding the advantages of smart factories and smart manufacturing. Artificial Intelligence can be defined as a study and design of intelligent systems which act on the environment to do some actions and maximize its probability of success rate. Artificial Intelligence when used in combination with Industry 4.0 makes the dream of converging man and machine together for digital transformation of the industry. Neural Networks, Deep-Learning and Reinforcement Learning along with Cognitive technologies can be used to design intelligent machines with natural language processing, thus empowering the efficiency of the system. Economists say Industry 4.0 with AI will bring the digital world true across the world by increasing the profits of industry. It is estimated that the global manufacturing market will have an annual income rate of $320 by 2021 with the increased numbers of robots in the process of Industrial Automation and Digital Transformation. Industry 4.0 with AI has got off the ground with lots of innovation, creating opportunities and challenges in industry to redesign the business process. The objective of this chapter is to provide the basic idea of Industry 4.0 with its application, challenges identified while implementing industry 4.0. This chapter also relies on new trends to Industry 4.0 with Artificial Intelligence. Also discussed AI algorithms implemented in the flourishing smart industry.
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Mathew, D., Brintha, N.C., Jappes, J.T.W. (2023). Artificial Intelligence Powered Automation for Industry 4.0. In: Nayyar, A., Naved, M., Rameshwar, R. (eds) New Horizons for Industry 4.0 in Modern Business. Contributions to Environmental Sciences & Innovative Business Technology. Springer, Cham. https://doi.org/10.1007/978-3-031-20443-2_1
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