Technological development has paralleled the dynamic timeline of industry. As technological advances have developed, new industrial techniques have cultivated along with them, dwindling the amount of labor and work required while increasing production potential exponentially. From steam powered machines, to mass production, to the eventual introduction of computers and automation, the industrial revolution has drastically changed industry. Industry 4.0 has been born out of these accumulations of new technology and techniques, combining computers and automation to form a decentralized and logical problem solving system requiring lessened human interaction. The transition to Industry 4.0 has taken varying degrees of form and function. However, four key components are integral to the process: the communication of machines; devices and sensors; duplication of the physical world …show more content…
Daily tasks, often time consuming and trivial, could be expedited through automation. For example, alarm clocks communicating with coffee makers could have coffee brewing as you wake up, allowing more time for other chores (or sleep!). However, similar to Industry 4.0, more Wi-Fi connected devices means more security risks. Issues with privacy and data sharing could have customers feeling uneasy about outside parties having information about many aspects of their lives. Further, with the addition of so much data there must be ways to store and manage it, pushing companies to find potentially expensive solutions for data management. On a larger scale, entire cities with IoT capability could reduce waste and improve efficiency as IoT helps to identify problem areas in city infrastructure. There are huge implications, both for improved way of life as well as security, for an interconnected world where devices can speak to one