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 Advanced Robotics Advanced robotics systems are ready to transform industrial operations. Compared with conventional robots, advanced robots have a superior perception, integrability, adaptability, and mobility. These improvements permit faster setup, commissioning, and reconfiguration, as well as more efficient and stable operations. The cost of this sophisticated equipment will decline as prices for sensors and computing power decrease, and as software increasingly replaces hardware as the primary driver of functionality. Taken together, these improvements mean that advanced robots will be able to perform many tasks more economically than the previous generation of automated systems. Most producers recognize that advanced robotic systems will play an important role in the factory of the future, and they are optimistic about the potential to increase the use of these systems. They maintain this positive outlook despite dissatisfaction with their current progress toward implementa...
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 AUGMENTED REALITY Augmented reality (AR) is one of the biggest technology trends right now, and it’s only going to get bigger as AR ready smartphones and other devices become more accessible around the world. AR let us see the real-life environment right in front of us—trees swaying in the park, dogs chasing balls, kids playing soccer—with a digital augmentation overlaid on it. For example,  a pterodactyl might be seen landing in the trees, the dogs could be mingling with their cartoon counterparts, and the kids could be seen kicking past an alien spacecraft on their way to score a goal. With advances in AR technology, these examples are not that different from what might already be available for your smartphone. Augmented reality is, in fact, readily available and being used in a myriad of ways including Snapchat lenses, in apps that help you find your car in a crowded parking lot, and in a variety of shopping apps that let you try on clothes without even leaving home. ...
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  BLOCKCHAIN TECHNOLOGY Blockchain technology enables distributed public ledgers that hold immutable data in a secure and encrypted way and ensure that transactions can never be altered. While Bitcoin and other cryptocurrencies are the most popular examples of blockchain usage, this “distributed ledger technology” (DLT) is finding a broad range of uses. Data storage, financial transactions, real estate, asset management, and many more uses are being explored. What Is a Cryptocurrency? A cryptocurrency is a digital or  virtual currency  that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on  blockchain  technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation...
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  INTERNET OF THINGS (IoT) The Internet of Things, or IoT, refers to the billions of physical devices around the world that are now connected to the internet, all collecting and sharing data. Thanks to the arrival of super-cheap computer chips and the ubiquity of wireless networks, it's possible to turn anything, from something as small as  a pill  to something as big as  an airplane , into a part of the IoT. Connecting up all these different objects and adding sensors to them adds a level of digital intelligence to devices that would be otherwise dumb, enabling them to communicate in real-time data without involving a human being. The Internet of Things is making the fabric of the world around us smarter and more responsive, merging the digital and physical universes. What is an example of an Internet of Things device? Pretty much any physical object can be transformed into an IoT device if it can be connected to the internet to be controlled or communicate info...
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About Industry 4.0

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ABOUT INDUSTRY 4.0  Industry 4.0 is the  digital transformation  of manufacturing/production and related industries and value creation processes . Industry 4.0 is used interchangeably with the fourth industrial revolution and represents a new stage in the organization and control of the industrial value chain. Cyber-physical systems form the basis of Industry 4.0  (e.g., ‘smart machines’) . They use modern control systems, have embedded software systems and dispose of an Internet address to connect and be addressed via  IoT   (the Internet of Things) . This way, products and means of production get networked and can ‘communicate’, enabling new ways of production, value creation, and real-time optimization. Cyber-physical systems create the capabilities needed for smart factories. These are the same capabilities we know from the  Industrial Internet of Things  like remote monitoring or track and trace, to mention two. Industry 4.0 has been de...
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