Industry 4.0 is a term used to describe the current trend of automation and data exchange in manufacturing technologies. It is the fourth major industrial era since the initial Industrial Revolution of the 18th century.
Industry 4.0 is characterized by the use of advanced technologies such as IoT, artificial intelligence, big data analytics and cloud computing to improve manufacturing processes and create ""smart factories."" These factories are able to collect and analyze data from connected devices and machines, which can then be used to optimize production, improve quality and reduce costs.