How Important Is Industry 4.0 for the Electronics Industry?

The current transformation of the industry toward digitization is in full swing. Almost everyone is using buzzwords like the (Industrial) Internet of Things, smart factory, or cyber physical (production) systems. In Germany, which has one of the strongest international industries, it’s called Industrie 4.0 – in other areas, it’s called Industry 4.0.

However, it seems nobody knows exactly what it means – there are various different interpretations though no clear definition. For many people, the change toward Industry 4.0 has already become part of everyday life, and with the repetition comes the erosion of the concept toward novelty. This is not helped by digitization and networking becoming frequently used buzzwords.

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