Industry 4.0: Methodologies, Tools and Applications

Abstract

The concept of 4th Industrial Revolution, that is characterized by the increasing digitalization of products and services (Internet of Everything) and interconnection of new business models and value chains, has been a part of our life for a while now. The wide adoption of Information Technology by modern business and public space removes the boundaries between real and virtual worlds and enables new growth possibilities for the industry. Drones, 3D printing, artificial intelligence, nanotechnology, robotics are very few examples of exponentially growing technologies, that are revolutionary changing the business models and industrial processes nowadays, and will shape modern industry fundamentally.