In the age of Industry 4.0, there are so many buzzwords being thrown around the world of manufacturing that it’s difficult to keep track of them all. What’s the difference between Industry 4.0, IIoT, and Digital Transformation? What about Artificial Intelligence vs. Machine Learning? Condition Monitoring vs. Performance Monitoring? Is the Digital Twin your company’s evil replicant or a new way to approach continuous process improvement?
At MachineMetrics, we work with manufacturers at different stages of their digital transformations; many of whom have very different levels of understanding regarding these concepts and definitions. Some of our customers are already immersed in their digitization efforts, have a deep knowledge of the latest and greatest technology/industry standards, and speak the language of IIoT terminology fluently. Some other manufacturers who might not have the same background in technology are just embarking on their transformation journey, and are often either underexposed or even overwhelmed with IIoT lingo.
That’s why we figured it would be helpful to create “The MachineMetrics IIoT Manufacturing Dictionary”: a reference resource for those seeking definition or better understanding of any buzzword, keyword, or term pertaining to the new age of manufacturing. The following is not the end product but merely a beginning. As this dictionary will be a constantly evolving collaborative effort, we welcome any and all definition feedback, definition requests, and definition refinement.