3 Exploring the Transformative Power of Internet of Things (IoT) Technologies in the Age of Industry 4.0Unleashing the Potential in the Digital Economy
Bhupendra Kumar, Vikas Sharma, Tarun Kumar Vashishth, Rajneesh Panwar, Kewal Krishan Sharma, and Sachin Chaudhary
Introduction
Industry 4.0, also known as the Fourth Industrial Revolution, is characterized by the integration of advanced digital technologies such as the internet of things (IoT), artificial intelligence (AI), and robotics in the industrial sector. This integration is transforming the way industries operate, leading to new business models, increased productivity, and improved efficiency (Figure 3.1).
FIGURE 3.1 Evolution of humankind and industrialization ...
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