The concept of industry 4.0 refers to the so-called fourth industrial revolution. This involves the digital transformation of the industry with the integration and digitalization of all the industrial processes that make up the value chain, characterized by its adaptability, flexibility and efficiency that allows to cover customer’s needs in the current market.
Industry 4.0 represents a qualitative leap in the organization and control of the entire chain value throughout the life-cycle of the manufacture and delivery of the product.
Industry 4.0 represents the ways in which smart, connected technology would become embedded within organizations. Industry 4.0 in manufacturing industry is marked by the materialization of various capabilities such as Artificial Intelligence and Cognitive Technologies, Robotics, Analytics, Nanotechnology, Quantum Computing, Wearables, the Internet of Things, Additive Manufacturing, and advanced materials.