What is Industry 4.0?
The fourth industrial revolution, a phrase coined in 2016, builds on the Digital Revolution. It has been marked by a sharp increase in connectivity, whereby billions of people and machines can now connect to each other. These interactions have given rise to interactions and insights on a completely different scale, which often bridge physical, digital and biological areas—and have the potential to generate new breakthroughs.
Mechanization and the introduction of steam and water power.
Mass production assembly lines requiring labor and electrical energy.
Automated productions using electronics and IT.
System autonomy, big data analytics, and machine-to-machine communication.