Industry 4.0 is the digital transformation of manufacturing / production-related industries and value creation processes.
Industry 4.0 refers to the intelligent network of machines and processes for industries with the help of information and communication technology. Industry 4.0 is used interchangeably with the fourth industrial revolution and represents a new stage in the organization and control of the industrial value chain.
Understanding Industry 4.0, it is important to see the suppliers and origins of the materials and components required for various smart manufacturing forms, the end-to-end digital supply chain and the full value chain that includes the ultimate goal of all manufacturing.
The economy is on the verge of the fourth industrial revolution. The real and virtual world, driven by the Internet, continues to merge with the Internet of Things.