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Industry 4.0

Industry 4.0

Industry 4.0, also known as the fourth industrial revolution and represents the convergence of various technologies such as the internet of things (IoT), cloud computing, big data analytics, and artificial intelligence (AI), etc. The main objective of Industry 4.0 is to create “smart factories” that can operate autonomously and more efficiently than traditional manufacturing systems. This is achieved through the integration of various digital technologies and the creation of cyber-physical systems (CPS) that can monitor and optimize production processes in real-time.

Some key features of Industry 4.0 include:

 Interconnectivity: Machines, devices, and sensors are connected through the internet of things (IoT), allowing for real-time communication and data sharing.

 Information transparency: Data from different sources is collected, analyzed, and shared across the organization, allowing for greater transparency and better decision-making.

 Decentralized decision-making: Cyber-physical systems can operate autonomously and make decisions in real-time, reducing the need for human intervention.

 Real-time optimization: Real-time data analysis and machine learning algorithms can be used to optimize production processes and reduce waste.

 Customer-centricity: Industry 4.0 systems can be tailored to meet the specific needs of individual customers, allowing for greater customization and personalization of products.