The term Industry 4.0 has become a key concept in modern manufacturing.

The 4^th industrial revolution, leverages technological advancements in both the physical and digital world to increase manufacturing capability and efficiency. The 4^th industrial revolution introduces Cyber-Physical Systems into the manufacturing world and leverages the internet as a key media for sharing and collecting information, as well as driving distributed, intelligent decisions back to physical processes, introducing a smart ecosystem. The key components of the fourth industrial revolution, Cyber-Phisical systems, IoT and Internet of Services will revolutionize the manufacturing industry.