The Fourth Industrial Revolution, which is on the horizon, involves the application of new digital technologies to production systems. What happens in a factory when all the innovations brought by the internet are really taken into consideration?
We are talking about the ‘internet of things’, cloud computing and cyber physical systems. When machines are fully automated and able to acquire data themselves, send it over the network, interfacing with other machines to improve productivity and efficiency. This will lead to factories converting into smart factories, and industries into 4.0 industries.