Industry 4.0 is widely considered to play a significant role in the future of manufacturing. Industry 4.0 refers to the integration of advanced technologies including artificial intelligence, the Internet of Things (IoT), and robotics into the manufacturing process creating smart factories that are more efficient, flexible, and adaptive.
Industry 4.0 has the potential to revolutionize the way manufacturing is performed and increase competitiveness in the global market. However, the implementation of Industry 4.0 requires a significant investment in technology and infrastructure, and the adoption of new processes and practices, which can be a challenge for some companies going forward.
