Smarter Factories – Drivers of Industry 4.0
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Industry 4.0, as the name suggests, is the fourth industrial revolution. The first revolution was characterized by water and steam-powered machines and mechanization. The second was enabled by mass production innovations. The third industrial revolution was ushered in by computerization. The fourth revolution is all about optimizing business processes through the application of digital technologies and workflows. Industry 4.0 originates from a strategic initiative by the German government to transform industrial manufacturing through digitization and exploitation of new technologies. A factory in the fourth industrial revolution connects essential technologies across the organization and with strategic partners, driving efficiency and productivity.