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Manufacturing is at an evolutionary nexus that has been touted as the Fourth Industrial Revolution. Smart Factories are here, but the shift to the dreams of science fiction will take time. Companies that invest in these developments today will have a better chance of thriving in the rapidly evolving manufacturing industry of the future. Digital transformation has four key foundational pillars that serve as building blocks in achieving the factory of the future vision: Cloud Computing, Big Data, Internet of Things (IoT), and Artificial Intelligence and Machine Learning (AI/ML).