The term ‘Industry 4.0’ has become a global buzzword since its introduction by the Germans in 2011. There are so many definitions and big words thrown around, it can be difficult for the layman to understand what it is all about.
In my simple words, Industry 4.0 or the Fourth Industrial Revolution, is about having machines that are able to send, receive and act on instructions that are connected to computing systems in-situ and through communications networks that enable them to interact with other machines and humans to produce goods and deliver services efficiently. In other words, Industry 4.0 is about greater mechanisation.