The term Industry 4.0 refers to the combination of several major technology innovations, all maturing simultaneously, and expected to have a dramatic impact on manufacturing sectors. These technologies—including advanced robotics and artificial intelligence, sophisticated sensors, cloud computing, and the Internet of Things—when joined together integrate the physical and virtual worlds.
This technological infrastructure is still in its early stages of development. But how is it already changing manufacturing?
1. Better transparency and agility
2. More responsive to customer needs
3. Self-monitoring products and services
4. Cost savings
5. Improved employee morale