Understanding IoT and Industry 4.0
IoT:
The Internet of Things is a network of interconnected devices, sensors, and machines that communicate and exchange data without human intervention. These smart devices generate valuable data that can be analyzed to derive insights and optimize processes.
Industry 4.0:
Industry 4.0, also known as the Fourth Industrial Revolution, revolves around the digitization and automation of manufacturing processes. It involves the integration of cyber-physical systems, data analytics, and advanced technologies to create smart factories.