Industry 4.0
Description
Judit Glavanits, Király Péter Bálint et al.:
"Industry 4.0 means in essence the technical integration of cyber physical systems into production and logistics and the use of the ’internet of things’ (IoT) and services in (industrial) processes – including the consequences for a new creation of value, business models as well. Today, we clearly see how the several parties which were involved in Industry 4.0 themselves move it to smart transportation and logistics, smart buildings, oil and gas, smart healthcare and even smart cities. Within the next few years, it is expected that over 50 billion connected machines will exist throughout the world. The introduction of artificial intelligence in the service sector distinguishes the fourth industrial revolution from the third."