Industry 4.0 stands for the fourth industrial revolution. The main focus is on digitizing various industrial and production facilities. The techniques of the fourth industrial revolution are: networking, transparency of information, assistance through intelligent software and hardware, and making decentralized decisions through intelligent systems. The goal is to increase the efficiency of the systems. The plant data is often used for predictive maintenance. Seasonal capacity planning data is also used.
An important concept in Industry 4.0 is Human in the Loop. People are only involved in certain decisions (brought into the loop) when the machines cannot solve a problem themselves.