industry 4.0

Industry 4.0 represents the fourth industrial revolution, characterized by the integration of smart technologies like the Internet of Things (IoT), cyber-physical systems, artificial intelligence (AI), and cloud computing into manufacturing and industrial processes. This fusion transforms traditional factories into "smart factories," leading to increased automation, real-time data analysis for better decision-making, enhanced flexibility, and improved efficiency throughout the production chain.

Citations:

[1] https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-are-industry-4-0-the-fourth-industrial-revolution-and-4ir

[2] https://www.ibm.com/topics/industry-4-0

[3] https://www.sap.com/products/scm/industry-4-0/what-is-industry-4-0.html

[4] https://en.wikipedia.org/wiki/Fourth_Industrial_Revolution

[5] https://www.epicor.com/en-us/blog/what-is-industry-4-0/

[6] https://www.forbes.com/sites/bernardmarr/2018/09/02/what-is-industry-4-0-heres-a-super-easy-explanation-for-anyone/?sh=6f6f84869788

[7] https://www.twi-global.com/what-we-do/research-and-technology/technologies/industry-4-0

[8] https://www.techtarget.com/searcherp/definition/Industry-40