Industry 4.0, also known as the 4th Industrial Revolution (4IR), the Industrial Internet of Things (IIoT), or smart manufacturing, is a new phase in the industrial revolution that emphasizes automation, real-time data, interconnection, and machine learning (ML). Adopting Industry 4.0 has a lot of advantages, including greater production, efficiency, flexibility, agility, improved customer experience, and profitable possibilities for innovation, to mention a few. The global report on industry 4.0 market included segment analysis by te...
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