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Industry 4.0 is a name given to the idea of smart factories where machines are augmented with web connectivity and connected to a system that can visualise the entire production chain and make decisions on its own. The trend is towards automation and data exchange in manufacturing technologies which include cyber-physical systems , the Internet of things (IoT), the Industrial Internet of Things (IIOT), cloud computing and cognitive computing. Industry 4.0 is also referred to as the fourth industrial revolution.