The  fourth industrial revolution makes production faster, more efficient and more flexible through smart, connected systems along the entire value chain. Man and machine communicate in new dimensions. Industry 4.0 introduces what has been called the “smart factory,” in which cyber-physical systems monitor the physical processes of the factory and make decentralized decisions. The physical systems become Internet of Things, communicating and cooperating both with each other and with humans in real time via the wireless web.
The convergence of operation technology and information technology will empower managers, providing higher visibility into operations and, through the application of advanced analytics, more actionable insights into their business in real-time.