Affiliation:
1. Clark Atlanta University, USA
2. New York University, USA
Abstract
One of the most revolutionary paradigms of modern industrial history, Industry 4.0, will be thoroughly explained in this chapter. The fourth industrial revolution's concept, history, and basic technologies are all addressed in this chapter, which also highlights how it will affect other industries such as manufacturing and automated procedures. Industry 4.0, or the “Fourth Industrial Revolution,” refers to a revolutionary period that is changing the way companies function and manufacture things. Due to their creative use of networked sensors and cutting-edge software, the intricate machinery and equipment of Industry 4.0, driven by the convergence of digital technology, data-driven processes, and intelligent automation, stand out. Industry 4.0, which encourages a complete, networked strategy in which intelligent goods collaborate for decentralized decision-making, forces businesses to review their strategies. Industry 4.0 creates intelligent, adaptable industrial ecosystems that can be optimized in real time by embracing big data analytics and the internet of things.