Transcription of Briefing Industry 4 - European Parliament
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Briefing Industry 4 - European Parliament
BriefingSeptember 2015 EPRS | European Parliamentary Research ServiceAuthor:Ron DaviesMembers' Research forproductivity and growthSUMMARYMany observers believe thatEurope isat the beginningof a new industrial revolution,considered tobe the fourth such leap forward and hence labelled Industry useof sensors,theexpansionof wireless communicationand networks,thedeploymentofincreasingly intelligentrobotsand machines as well as increasedcomputing power at lower cost and the development of 'big data' analytics has thepotential totransform thewaygoods are manufactured in new,digitalindustrial revolution holds the promise ofincreased flexibility inmanufacturing,mass customisation, increasedspeed, betterquality to capture these benefits, enterprises will need toinvest inequipment,informationand communication technologies (ICTs)
manufacture, operation and service of manufacturing systems and products. The 4.0 designation signifies that this is the world's fourth industrial revolution, the successor to three earlier industrial revolutions (s ee Table 1) that caused quantum leaps in productivity and changed the lives of people throughout the world. In the words of
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