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Industry 4.0 was actually invented as a term by German government agencies. It is a reference to previous industrial revolutions that took place in the 18th and 19th centuries. The triggering innovations in the first industrial revolution were steam and water power. The second was characterised by electrical energy and the onset of mass production. The third digital revolution was characterised by data processing and ultimately gave rise to the internet. In the fourth revolutionary era, machines and products are now to be constantly included in the exchange of data.
ERP as standard - what does that mean?
Cash flow in companies explained
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What are the advantages of a modern ERP solution?
What distinguishes the project management from the key user?
