Industry 4.0
Industry 4.0 refers to the fourth industrial revolution characterized by the integration of advanced technologies into manufacturing and production processes. It encompasses the use of the Internet of Things (IoT), artificial intelligence (AI), big data, robotics, and automation to create smart factories and supply chains. The goal of Industry 4.0 is to enhance operational efficiency, increase productivity, and enable real-time data-driven decision-making. It represents a shift from traditional manufacturing methods to more interconnected and intelligent systems, allowing for greater customization, improved resource management, and the ability to respond swiftly to changing market demands. Ultimately, Industry 4.0 aims to create more flexible, efficient, and sustainable industrial practices.