At the World Economic Forum (WEF) in Davos a key topic is focusing on the "Digital Transformation of Industries". The fourth industrial revolution is imminent. It goes by the name "Industry 4.0" and is expected to fundamentally change, among other things, the production methods and business models currently used in industrialized countries. Experts estimate that Industry 4.0 will result in virtual data merging with real production equipment. The resulting "smart factory" will bring customers and suppliers closer together, as production orders will be sent by the customer directly to the machine, and the production data will be transferred to the distribution partner in real time. Manufacturing will become leaner and faster and respond to customers' needs.
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