Industry 4.0 is not a new concept but has been around for a few years now. However, it has started gleaning global popularity off lately, and is increasingly becoming a popular term in the technology industry. Today, Industry 4.0 has become the primary focus of every industry trade show and event, and majority of automation technology providers are significantly accentuating the Industry 4.0.
What is the Industry 4.0?
Industry 4.0 is the compilation of an array of technologies, but out of these four, the most significant ones include people, end-to-end engineering, modularity, and connectivity. Industry 4.0 can provide the OEMs with competitive advantage while helping the manufacturers to respond to the ever rising consumer demand and decrease the involved costs at the same time.