U.S., Sept. 16 -- Industry 4.0 is the name given to the current phase of industrial revolution. It is the integration of smart digital technology and manufacturing and places an emphasis on automation, machine learning and real-time data. This revolution is driven by the need to access real-time insights and information across the manufacturing process.
Industry 4.0 is the latest of 4 distinct industrial revolutions that the world has or is currently experiencing.
The Industrial Revolution
This is widely considered to have taken place in the late 1700s, when manufacturing advanced from manual labour, to the use of water and steam-powered engines for increased output and rudimentary optimised manufacturing.
The Second Industrial Revolutio...