Industry 4.0 or Manufacturing 4.0 powers connected enterprises via automation, cyber-physical systems, sensors, IoT, the cloud, and advanced analytics. It starts from product design and ends with order fulfillment and servicing.
Most, if not all, value chain instances such as products, assets, fleet, infrastructure, markets, and people are connected. This is accomplished by joining relevant operational technology (OT), communication technology, and information technology (IT) enterprise systems.
The smart factory is one of the main components of Manufacturing 4.0 enterprises invest in; during their Manufacturing 4.0 journey.