The fourth Industrial Revolution referred to as ‘Industry 4.0’ is indicated as the automotive and digital rise in technology. The development in the technology by combining all the main aspects and improvements of the accessible infrastructure is the ‘Industry 4.0’. Deep learning, artificial Intelligence, The Internet of Things, cloud computing, robotics, sensors, data analysis, data capturing, software-as-a-service, digital fabrication, and so forth all are incorporated in the technologies that can be cooperatively joined to establish Industry 4.0.
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Industry 4.0 is revolutionizing the way companies manufacture, improve, and distribute their products. Manufacturers are integrating enabling technologies, including the Internet of Things (IoT), cloud computing and analytics, and AI and machine learning into their production facilities and throughout their operations. These smart factories are equipped with advanced sensors, embedded software, and robotics that collect and analyze data and allow for better decision-making.
The goal of Industry 4.0 is for companies to be able to reduce dependence on human workers, increase profit margins, dramatically boost production, automate as many facets of their businesses as possible, be able to easily adapt to changing customer preferences, and have machines adapt and learn on their own over time.
Industry 4.0 Technologies
- Internet of Things (IoT)
- Industrial internet of things (IoT)
- Cyber-physical systems (CPS)
- Smart manufacture
- Smart factories
- Cloud computing
- Cognitive computing
- Artificial intelligence