Industry 4.0

Industry 4.0: The fourth industrial revolution in the Twenty-first Centu-ry, in which the physical and virtual worlds are being merged (cyber-physical systems). Machines are becoming capable of working with the Internet (creating an Internet of Things), and the data, which has only been available in the factory for a long time, is becoming accessible to the entire company and its business partners. This data will be acquired more precisely and in lower levels of granularity than previously without time delays or the help of people.

Source: Otto, Boris; Österle, Hubert: Corporate Data Quality: Prerequsite for Successful Business Models, 2015 (http://www.cdq-buch.de/)

 

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