The first industrial revolution was powered by mechanization; the second by the assembly line and mass production; and the third by computerization and automation. All three sparked incredible improvements in productivity.
Now, the convergence of connectivity, low cost sensors, big data and advanced robotics are powering the next industrial revolution, Industry 4.0.
While similar in important ways to the Internet of Things, Industry 4.0 provides a more comprehensive roadmap to the future because it encompasses cyber-physical systems, the Industrial Internet of Things and the Internet of Services.
In doing so, it helps organizations plan for and create a future in which cyber-physical systems communicate over the IoT and cooperate with each other and humans in real time, supported by an Internet of Services in which both internal and cross-organizational services are leveraged across the value chain.