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Industry 4.0

Background

Industry 4.0 is an umbrella term for the technologies, processes and practices that are enabling the fourth industrial revolution. This term was first coined in 2011 by a group of German academics and has since been adopted by policymakers and business leaders around the world. Industry 4.0 technologies include big data and analytics, artificial intelligence, cloud computing, the Internet of Things, 3D printing and robotics. These technologies are being used to create smart factories, where machines are connected and can communicate with each other to optimize production. The fourth industrial revolution is transforming manufacturing, logistics, supply chain management and many other industries.

Industry 4.0 is the term used to describe the fourth industrial revolution. This revolution is characterized by the convergence of physical and digital technologies that is transforming manufacturing, logistics, and many other industries. Some of the emerging trends in Industry 4.0 include the use of artificial intelligence (AI), the internet of things (IoT), and 3D printing.

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