Industry 4.0 is a term used to describe the fourth Industrial Revolution. The first Industrial Revolution pertained to the mechanisation of production processes from the late 18th century. It was followed by mass production (the second Industrial Revolution) from the early 19th century. The use of electronics and information technologies, and thus the third Industrial Revolution, began in the mid-1970s. As a result of rapid developments, of the internet in particular, we are now on the threshold of a fourth Industrial Revolution, when smart factories are fundamentally altering production processes and cyber-physical systems are regulating value-creation processes. Products are controlling their own manufacturing processes and conducting their own quality control. Factories can make goods autonomously and according to individual demand.
Saskia Blank from the Ideas 2020-Team answered this question.