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Industry 4.0 defines the forth industrial revolution that is changing the way manufacturing companies work. Cyber-physical systems, Internet of Things (IoT), Big Data and Cloud Computing are the four pillars of Industry 4.0
A cyber-physical system (CPS) is a mechanism controlled or monitored by computer-based algorithms, tightly integrated with internet and its users. In cyber physical systems, physical and software components are deeply intertwined, each operating on different spatial and temporal scales, exhibiting multiple and distinct behavioral modalities, and interacting with each other in a myriad of ways that change with context.
The internet of things (IoT) is the internetworking of physical devices, vehicles, buildings and other items - embedded with electronics, software, sensors, actuators, and network connectivity that enable these objects to collect and exchange data. The IoT allows objects to be sensed and/or controlled remotely across existing network infrastructure.
Big data analytics is the process of examining large data sets to uncover hidden patterns, unknown correlations, market trends, customer preferences and other useful business information. The analytical findings can lead to more effective marketing, new revenue opportunities, better customer service, improved operational efficiency, competitive advantages over rival organizations and other business benefits.
Cloud computing is a general term for the delivery of hosted services over the Internet. Cloud computing enables companies to use computer resources and services -- just like electricity -- rather than having to build and maintain computing infrastructures in-house.
Immediate benefits obtained from the adoption of industry 4.0 methods and technologies are:
Read more about the new model of factory: Smart Factory.