Industry 4.0 and Smart Production

Abstract

Industry4.0 is a popular topic in today's ecosystem. Many businesses that have high profitability, sustainable unlimited lifetime and high efficiency will be able to integrate Industry 4.0 technologies, which emerged in Germany in 2011, into their businesses and meet changing customer demands. On the other hand, they will be able to gain competitive advantage with this new technology. The concept is defined as a process in which an advanced level of automation is applied over a virtual network, the machines make decisions by communicating with each other, the data collected with the help of sensors are stored in the cloud system through these virtual networks, and used by all stakeholders integrated into the system when needed. In this study, it is aimed to explain what the Industry 4.0 technologies conceptualized in 2011, the concept of smart production and the benefits of these technologies to businesses.