Industry 4.0

 Industry 4.0 refers to a new phase in the Industrial Revolution that focuses heavily on interconnectivity, automation, machine learning, and real-time data. It is the digital transformation of manufacturing/production and related industries and value creation processes. It is used interchangeably with the fourth industrial revolution and represents a new stage in the organization and control of the industrial value chain.

       The rise of new digital industrial technology, known as Industry 4.0, is a transformation that makes it possible to gather and analyze data across machines, enabling faster, more flexible, and more efficient processes to produce higher-quality goods at reduced costs.

When computers were introduced in Industry 3.0, it was disruptive thanks to the addition of 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. Ultimately, it's the network of these machines that are digitally connected with one another and create and share information that results in the true power of Industry 4.0.

Components Of Industry 4.0 are-

1. Internet Of Things   2. Big Data   3. Robotic Process Automation   4. Artificial Intelligence 

5. Cloud