Industry 4.0

The term industry 4.0 refers to a further developmental stage in the organisation and management of the entire
value chain process involved in manufacturing industry. 3D printing, sensor technology, artificial intelligence, robotics, drones and nanotechnology are just a few examples of exponentially growing technologies that are radically changing industrial processes, accelerating them and
making them more flexible.

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Industry Revolutions

The first industrial revolution was all about mechanization through water and steam power; the second industrial revolution was about mass production and assembly lines using electricity; the third industrial revolution was about the adoption of computers and automation; and the fourth industrial revolution is about enhancing the use of computers and automation with smart and autonomous systems fueled by data and machine learning.

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