Apr 26 2021
The origin of the term Industry 4.0 is a concept initiated in 2011, a high tech strategy project of the government of Germany to promote Industry computerization. It was believed that automation will be the game changer for the future. The way moving forward was optimization, configuration and diagnosis self-checking as well as self-correction mode. Before 2020 Industry 4.0 was presumed to be an initiative for a limited Industries only. Digitization, automation, cloud computing, Internet of Things (IOT) were looked at as a high investment initiatives to projects and was also considered to reduce human dependence thereby eliminating jobs.