20+ Industry 4.0 Technologies Background. The fourth industrial revolution, industry 4.0, is the process of connecting every aspect of the manufacturing process. We propose a conceptual framework for these.
This predicted transition of manufacturing processes and technologies is based. New industry 4.0 technologies, spanning mobile computing to cloud computing, have undergone vast development in the last decade and are now ready to be used as it envelops many technologies and is used in a variety of different contexts. Industry 4.0 has been considered a new industrial stage in which several emerging technologies are converging to provide digital solutions.
Put simply, industry 4.0 makes factories smart.
Acceleration through exponential technologies the fourth main characteristic of industry 4.0 is the impact of exponential technologies as an accelerant or catalyst that allows individualised solutions, flexibility and cost savings in industrial processes. The industry 4.0 or fourth industrial revolution is a new and imminent industrial model characterized as advanced manufacturing. It requires a structured, holistic approach that is focused on increasing business value and reducing business risks. Ingredients to make industry 4.0 a reality.