Industry 4.0 is a new stage in the structure and control of the industrial value chain that is used interchangeably with the fourth industrial revolution. The process of transitioning from an agrarian and handicraft economy to one dominated by industry and machine production is known as the industrial revolution. In other words, an industrial revolution occurs when a new technique is introduced to change the current way of functioning, particularly in the manufacturing industry.
Industry 4.0 refers to the intelligent networking of machines and processes for industry using information and communication technology (ICT). It is the generation, leveraging, and utilization of data and information as a means to achieve smart industry and ecosystems of industrial innovation and cooperation in the manufacturing environment of big data, people, processes, services, systems, and IoT-enabled industrial assets.
In cyber-physical systems, Industry 4.0 connects physical industrial assets such as machines and gadgets to digital technology. The internet of things (IoT) is important in adopting Industry 4.0, but cloud computing, big data, and artificial intelligence are also important. Enterprise resource planning (ERP) and programmable logic controllers (PLC) are also important in the development and implementation of Industry 4.0.