Industry 4.0 is the digital transformation of manufacturing/production and related industries and value creation processes. 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 & industrial control software.
These smart factories are equipped with advanced sensors, embedded software, and robotics that collect and analyze data and allow for better decision-making. Even higher value is created when data from production operations is combined with operational data from ERP, supply chain, customer service and other enterprise systems to create whole new levels of visibility and insight from previously siloed information.