Manufacturers are at the centre of a revolution; a complete shift in their approach to business is happening. From analytics and automation through AI, new digital skills and technologies are changing how manufacturers work. Yet leadership in the digital economy requires more than smart factories and integrated systems. It also demands new capabilities that empower you to make critical business decisions based on real-time contextual data.
When computers were introduced in Industry 3.0, it was disruptive thanks to the addition of an entirely new technology. Now, and into the future as Industry 4.0 unfolds, computers are connected and communicate with one another to ultimately make decisions without human involvement. A combination of cyber-physical systems, the Internet of Things and the Internet of Systems make Industry 4.0 possible and the smart factory a reality. As a result of the support of smart machines that keep getting smarter as they get access to more data, our factories will become more efficient and productive and less wasteful.
The term Industry 4.0 encompasses a new industrial revolution—one that marries advanced manufacturing techniques with the Industrial Grade IoT platforms to create manufacturing systems that are not only interconnected, but communicate, analyse, and use information to drive further intelligent action back in the physical world. (Source - Forbes)