How Green Tech Will Affect the Upcoming Industrial Revolution, Industry 4.0?
The German government coined the term Industry 4.0 (Industrie 4.0 originally) while working on a project to digitize the manufacturing industry. In 2011, this term was made public, describing the potential paradigm shift in the industrial automation sector caused by the cyber-physical systems responsible for the evolution of new business models.
Mechanisms monitored and controlled by 'computer-based algorithms' are known as intelligent systems or Cyber-Physical Systems (CPS).
Industry 4.0 is often used interchangeably with 'Fourth Industrial Revolution. Although one might think that they are two names with the same meaning, their origins are different.
The term 'The Fourth Industrial Revolution' was coined by the founder and executive chairman of the World Economic Forum (WEF), Klaus Schwab, in 2016. In Klaus Schwab’s words, the Fourth Industrial Revolution is "characterized by a fusion of technologies blurring the lines between the digital, physical, and biological spheres.
