Industry 4.0: Some Facts & Figures

Abstract

The Industry 4.0 is a thoughtful in genuity newly familiar by the German govt. The part of the inspiration is conversion of industrial manufacturing (Production), business through digitalization and mistreatment of potentials of new technologies. An Industry 4.0 production system is thus elastic and enables individualized and customized products. The aim of this paper is to present and facilitate an understanding of Industry 4.0 concepts, and we will discuss on its other symptoms like its drivers, enablers, goals, facts & figure and limitations. Building blocks in forthcoming issue. The idea of Industry 4.0 is a new reality of the contemporary economy, asrevolution, innovation and technological development play an important role in each organization. Industry 4.0 significantly changes goods and production systems about the design.