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Industrie 4.0 The Driving Force behind Europes Industrial Internet



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Report Summary:

The global economy stands at the edge of the most significant change in industrial automation ever seen. The term Industrie 4.0 refers to the “fourth” industrial revolution, which is a long term vision devised by a working group for the German government, that will see leaps in productivity through the connecting of industrial systems and processes and with it transform German and more broadly the European manufacturing sector. In many ways the vision is similar to the term “Industrial Internet” coined by GE and examined by Strategy Analytics in this report: GE continues to build-out "Industrial Internet" by signing Global Alliance Agreement with AT&T The first industrial revolution improved efficiency through the use of hydropower, the increasing use of steam power and the development of machine tools. The second brought electricity and mass production via assembly lines), and the third and most recent further accelerated automation using electronics and IT. The fourth industrial revolution will see the seamless integration of physical objects into the information network. Industrie 4.0 will see the Internet combine with machines, systems and processes to form a sophisticated and interconnected network. This report takes a look at the motivation behind Industrie 4.0, the key participants and expected outcomes from the initiative.

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