Industry 4.0 is bringing technological transformation in various industries. It is the smart factory, production lines, agriculture, cities, etc. that are taking a leap forward in terms of enhancing the traditional ways of industry management. The Internet of Things (IoT) is the foundation of the industry 4.0 concept that creates agile and responsive changes in the market. Many companies are using the Internet of Things (IoT) to monitor their machinery and equipment. This is not surprising when you consider that the IoT is responsible for almost every connected device in the world. By using the IoT to monitor the machinery and equipment day in and day out, industrial companies can better understand how to optimize their production, cut down on costs, and improve the quality of their products.
While the Internet of Things (IoT) and Industry 4.0 are two separate terms, they are becoming more and more interlinked in the minds of many. There are quite a few industrial challenges that need to be solved. As IoT and Industry 4.0 are becoming more and more popular, we are seeing a shift in how businesses run and how products are made. The IoT is a network of physical objects that are connected through the internet. This allows the objects to exchange information and be controlled remotely by software. Industry 4.0 is a more recent concept that focuses on the digitization of production and manufacturing. These two concepts are being combined in many ways in the minds of developers and companies. Some of the most popular ways that the IoT and Industry 4.0 are being combined is by connecting sensors to machines and having them communicate with each other and with a server. Here’s an infographic that depicts the challenges during digital transformation, industry 4.0 environment, and how can these challenges be resolved.
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