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. Cyber-physical systems form the basis of Industry 4.0 (e.g., ‘smart machines’). They use modern control … Continue reading Industry 4.0 and the fourth industrial revolution explained