Industry 4.0 is the modern face of industry which is being used in automation and data exchange in manufacturing technologies. It includes, Big Data, inter connected machines, connected devices, cyber physical systems, Cloud computing, softwares and Industrial Internet of Things.
Industry 4.0 can be considered as a smart factory where whole physical process is monitored and controlled using a decentralized system. Industry 4.0 is a modern and modular structured factory where physical process is controlled by cyber physical systems which creates a virtual world to make decentralized decision.
Considering a live example of a car manufacturing company where whole car is assembled by robots which require 0% humans in assembly line and need humans only to control the software and hardware failures. A team of engineers sitting in the room can monitor and control whole assembly line without moving from their chair.
According to an article on Wikipedia the term Industry 4.0 originates from a project in high tech strategy of German Government which promotes computerization and automation in manufacturing where some have compared Industry 4.0 with fourth industrial revolution.
Industry Revolution 1.0: Industry 1.0 mobilized the industry using water and steam power. In this revolution steam powered machines were deployed in factories to mechanize some of our work.
Industry Revolution 2.0: Industry 2.0 introduced mass production with the help of electric power. It is also called the birth of assembly line and mass production.
Industry Revolution 3.0: Industry 3.0 is the era of advent of computer, Internet, robots and automation where machines humans were replaced with robots in factories.
Industry Revolution 4.0: Industry 4.0 introduced smart factories where cyber physical systems monitor the physical process of the factory and makes decentralized decisions.
