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Keywords in Digitalization

The Key(Words) to Success in Digitalization

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It’s not always easy to stay on top of the latest buzzwords in the maze of digitization terminology.

Digitization is a topic of discussion in every aspect of life these days – in political, ethical, and professional circles. In these discussions, though, there is also frequently a silent assumption that a number of terms and buzzwords are simply understood.
For tech-heads, getting to the bottom of what these terms mean is more than just a boring necessity; it’s a real pleasure. Things that previously had a whiff of science fiction about them have now become part of real life. In the following article, we’re going to introduce you to some key pieces of digitization terminology.

Big Data

The term ‘big data’ describes volumes of data that cannot be evaluated using conventional data processing methods – such as manual analysis – because they are too complex or too large, change frequently, or are not sufficiently structured. As digitalization progresses, the volume of data increases. The definition of ‘big data,’ formulated by business consultancy firm Gartner, has had a major influence on how we discuss this. The primary aspects of big data were set by Gartner as follows:

– Volume: the huge scope of the data
– Velocity: the high speed at which the data is processed
– Variety: the wide range of available data sources

Handling big data therefore takes appropriate artificial intelligence-based solutions. With their support, meaningful information about in-house machinery and customers can be gleaned from the huge volumes of data.

There is a reason people are saying that data is the new gold. Of course, data protection is then also always a consideration, especially considering the GDPR.

Cloud Computing

Cloud computing users take advantage of a provider’s IT infrastructure, generally via the internet. This enables them to access memory, processing power, or application software, saving the company the costs associated with procuring hardware and software. Cloud computing also makes rapid scaling possible.

Although there are mixed forms of cloud computing, the following distinctions defined by the National Institute of Standards and Technology (NIST) still shape this sector.

– For ‘software as a service,’ all that is needed is an Internet-capable computer with a browser, and the relevant software can be used in the cloud. The item Engineeringtool is an example of this.
– “Infrastructure as a service” offers access to IT resources such as processing power, memory, and network structures in the cloud.
– Finally, “platform as a service” provides programmers with an external environment for developing and supplying new applications.

Digital Engineering

Digital engineering refers to the use of innovative digital tools for everyday mechanical engineering work. The functions of the software concerned go far beyond those of standard CAD programs. The networking of the engineers themselves is also a key part of digital engineering.

In the item Engineeringtool, for example, globally unique project numbers make it possible to share designs with colleagues around the world. Integrated product finders, a drag & drop function for the simple placement of components, and the automatic alignment of parts make design work even easier.

Digitalization and Digitization

While these two terms may be similar, and are frequently used synonymously, “digitization” generally refers to a purely technical process of transferring information from analog to digital form, while “digitalization” can mean several things.

Firstly, digitalization can describe the process of using digital technologies and tools to optimize internal processes in line with the continuous improvement process (CIP). Secondly, it can refer to companies expanding or even reinventing their business model based on technological innovations. In addition, the term “digitalization” is also used in the sense of “digital transformation,” a process and idea that takes a holistic perspective, incorporating changes in society and different sectors.

Industry 4.0

The term Industry 4.0 was coined by the high-tech strategy of the German Federal Government. The aim is to network industrial production with the help of information and communications technology. The smart factory set-up is a perfect example. Using cyber-physical systems (CPS), it is possible for workpieces to be represented by a software agent, enabling them to communicate for themselves and determine which employee is best suited to do the processing. The Industrial Internet of Things forms the basis for this. Another example is automated guided vehicle systems (AGVs) that carry out intralogistics tasks autonomously. These are already in use in numerous sectors, including the automotive industry.

Artificial Intelligence (AI)

Of all the digitalization terms examined here, artificial intelligence is certainly the one that is most widely discussed at the moment. The history of AI is as thrilling as it is complex. Fundamentally, however, it always boils down to recreating human perception and intelligence in machine form.

In an industrial context, machine learning is currently the hot-button trend. This involves an algorithm analyzing existing data-sets for patterns. The AI can draw conclusions based on the findings and then apply this knowledge to new data. Deep learning, on the other hand, is a subset of machine learning where a machine “thinks” independently – that is, it creates new connections using artificial neural networks.
Predictive Maintenance

Predictive maintenance describes a process by which machinery continuously transmits data which is analyzed to proactively prevent potential faults. Even the slightest deviation can be enough to indicate that a machine is functioning as desired. Of course, huge volumes of data (big data) must be collected to make the appropriate comparisons. The advantages are obvious. Predictive maintenance cuts the risk of downtimes significantly and makes it easier to plan servicing.

Are you interested in staying up-to-date on the latest industry buzzwords and trends? Advancing Women Engineers is powered by item, an industry leader and the purveyor of the Original Machine Building Kit System. You can stay in touch with item and explore the item Blog by clicking here.

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