The corporate world is in the midst of a digital transition which started quite some years back, today it is also known as the fourth industrial revolution, which is taking what was started in the third with the adoption of computers, automation and enhancing it with smart and autonomous systems fueled by data and machine learning.
Now, and into the future as Industry 4.0 unfolds, computers are connected and communicate with one another to ultimately make decisions without too much human involvement. A combination of cyber-physical systems, the Internet of Things and the Internet of Systems make Industry 4.0 possible and the smart factory a reality. As a result of the support of smart machines that keep getting smarter as they get access to more data, industries will become more efficient and productive and less wasteful. Ultimately, it’s the network of these machines that are digitally connected with one another, they create and share information that results in the true power of Industry 4.0.