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Industry 4.0 is a revolutionary concept that is transforming the way businesses operate. It encompasses a multitude of technologies, such as the Industrial Internet of Things (IIoT), Artificial Intelligence (AI), Machine Learning (ML), Big Data analytics, smart sensors, robotics, and more. This technology has enabled businesses to make better decisions and optimize their operational processes, leading to increased productivity, reduced costs, improved quality, and greater flexibility in manufacturing and supply chain operations. The global industry 4.0 market achieved a valuation of USD 155.80 billion in 2022 and is anticipated to soar to USD 632.78 billion by 2030, demonstrating a noteworthy Compound Annual Growth Rate (CAGR) of 16.64%.
