IoT is emerging as the next mega-trend in the field of technology. By connecting billions of devices, ranging from fitness bands to industrial equipment, via the internet, IoT is successfully fusing the physical and the virtual worlds together.
What Internet of Things (IoT) Does?
IoT enables communication between two physical objects using sensors. These devices often report their status and become aware of their current situation by being a part of IoT. For instance, an IoT connected car can provide data pertaining to its health, so that the owner can take preventive measures on time. Also, if a part of the car is about to be damaged, it will send signals to make the driver aware of the internal situation of the car.
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.