Industry 4.0 – the fourth industrial revolution

The economy is currently on the threshold to a fourth industrial revolution. The purpose of this turnaround is to make production more flexible, efficient, intelligent but also more individual. Therefore, it can be said that after decades of mass production the way goes back to single-unit production. The German government has also discovered the chances of this trend and so they started investing in research of this so-called “Industry 4.0”. What are the developments we can look forward to? Which are the motivating forces of the Industry 4.0 and which were the motivating forces of the first three industrial revolutions? We want to answer these questions in this blog post.

Source: YouTube “Siemens”
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