Brett Parker SAP -What is Industry 4 0 the Industrial Internet of Things IOT

Industry 4.0 refers to a new phase in the industrial revolution that focuses heavily on interconnectivity, automation, automated learning and real-time data. Industry 4.0, also known as IIoT or smart manufacturing, integrates production and physical operations with smart digital technology, automated learning and big data to create a more holistic and better connected ecosystem for companies that focus on manufacturing and managing Supply Chain. While every company and organization that operates today is different, they all face the same challenge — the need for connectivity and access to real-time information on all processes, partners, products and people.