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.
making them more flexible.
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.
