IMPACT OF AUTOMATION IN INDUSTRIES WITH INDUSTRY 4.0 SCENARIO

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. To understand Industry 4.0 it is essential to see the full value chain which includes suppliers and the origins of the materials and components needed for various forms of smart manufacturing the end-to-end digital supply chain and the final destination of all manufacturing/production regardless of the number of intermediary steps and players: the end customer.