ABSTRACT
Industry 4.0, also known as smart manufacturing, is the name of what is considered as the fourth industrial revolution. The drivers behind are globalization, mass customization, and the rapid increase in computational power which makes it now possible to process big data and perform advanced analytics. In response, manufacturers require production systems that have more resilient, predictive and adaptable capabilities to achieve a truly agile production that is capable of lean, competitive production of mass customized products. The digitization of manufacturing has many implications not only on the shop floor. The biggest potential improvements identified in the survey is that Industry 4.0 brings to health and safety in the form of advanced monitoring of the worker and their environment through wearables, vision, and other sensor systems. The implementation of these technologies in turn also challenges that require further addressing, these challenges are not only technical but also organizational in nature.
