Industry 4.0 – taking efficiency to new heights?

The term Industry 4.0 has been bandied about increasingly since it was established in 2011. Also referred to as the fourth industrial revolution, Industry 4.0 describes the growing use of digital technologies to link manufacturing technologies and facilitate continuous real-time data exchange. These manufacturing systems are based on interconnected cyber-physical systems with the capacity to independently organize and optimize their performance. Industry 4.0 promises to fundamentally transform manufacturing industry.