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Industry 4.0

Industry 4.0 refers to the ongoing transformation of traditional manufacturing and industrial practices with the integration of modern smart technology, Internet of Things (IoT), cloud computing, and big data analytics. It marks the fourth major industrial revolution, following:

History and Context

The term Industry 4.0 was first used at the Hannover Messe in 2011 by the German government as part of its high-tech strategy for the manufacturing sector. Here are key milestones in the development of Industry 4.0:

Key Components

The core components of Industry 4.0 include:

Impact and Benefits

The adoption of Industry 4.0 technologies aims to:

Challenges

While Industry 4.0 presents numerous opportunities, it also poses challenges:

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