Industry 4.0 is a project to formulate the high-tech strategy of the German government, which promotes the computerization of traditional industries such as manufacturing. It is about the 4th industrial revolution to future proof Germany`s manufacturing prowess. The goal is the intelligent factory (Smart Factory), which is characterized by adaptability, resource efficiency and ergonomics as well as the integration of customers and business partners in business and value processes.Technological basis are cyber-physical systems (CPS) and the Internet of Things.
Experts believe that Industry 4.0 or the fourth industrial revolution could be a reality in about 10 to 20 years.
Meanwhile, in the United States, an initiative known as the Smart Manufacturing Leadership Coalition is also working on the future of manufacturing. Smart Manufacturing Leadership Coalition (SMLC) is a non-profit organization of manufacturing practitioners, suppliers, and technology companies; manufacturing consortia; universities; government agencies and laboratories. The aim of this coalition is to enable stakeholders in the manufacturing industry to form collaborative R & D, implementation and advocacy groups for development of the approaches, standards, platforms and shared infrastructure that facilitate the broad adoption of manufacturing intelligence.
Sources: Siemens, Acatech (2014)