ABSTRACT
Industry 4.0 is a standard by which intelligent productive systems can be designed to identify, determine and deal with the external environment in order to make smart decisions. This standard can enhance efficiency and throughput in the production industry. This chapter examines the Industry 4.0 framework and points out its meaning and obstacles. This standard reports subsequent accomplishments and breakthroughs, casing a vast scope of contemporary mechanization. It puts forward remarkable benefits to institutions, counting real-time data analysis, transparency, independent supervision, booming potency and aggression. The main attributes of Industry 4.0 are alignment and unification of strategies. Transformation plays a crucial role in firms, territories and quarters. Industry 4.0 has extensively anticipated effects in various fields and its implementation will have an impression on changing the working habitat. The KUKA organization is a typical implementation of, for example, automated industries, brilliant machines and robots. The above implementations aid Industry 4.0 to split up swiftly. This chapter also enunciates the overview, characteristics and effects of Industry 4.0 in the current scenario.
