Industry 4.0 is a new industrial revolution that harnesses the potential of cyber-physical systems, the Internet of Things (IoT), artificial intelligence (AI) and networked processes. It involves the full automation of manufacturing processes, including monitoring and control of machines, and communication and collaboration between people and machines. This allows factories to build intelligent systems that significantly optimise the process of production and make it more efficient. Industry 4.0 enables a fully connected digital factory where all manufacturing processes can be automated to achieve better results. This includes intelligent robotic systems, autonomous vehicles and connected machines that interact directly with people. Industry 4.0 enables companies to modernise their business models via the use of Big Data and networked technologies and to open up new value creation opportunities for customers. It also enables companies to make their production processes more efficient by making better use of resources and reducing environmental impact. In addition, Industrie 4.0 enables companies to collect and evaluate life-relevant data to improve product quality and efficiency. This enables companies to respond to their customers' needs and to manufacture products faster and more cost-efficiently.