Industrial Revolution: Cyber-Physical Systems

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Executive Summary

Brief history:
There are three main Industrial Revolutions namely the first Industrial Revolution, the Technological Revolution and the Digital Revolution. The fourth one is known as Industry 4.0.
Industry 4.0:
Industry 4.0 is the integration of the physical systems that are found in industry and incorporating it or them with the internet, this is also known as Cyber-Physical Systems (CPS).
CPS:
CPS is the physical world fusing with the internet or the virtual world, which makes the system accessible almost anywhere on the planet or anywhere that you can access the internet.
CPS Influences:
Cps influences most of the civilized world namely: transport, agriculture, process control, energy, health care and robotics. In each
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Industry 4.0

Industry 4.0 is also known as the fourth industrial revolution. Industry 4.0 is a project that was developed by the German government, which advances manufacturing by introducing computerization and the internet, allowing the whole process to be a smart system or information hub. This is also known as Cyber-Physical Systems (CPS).
Cyber-Physical Systems
Cyber-Physical system allows the physical or real world to merge with the virtual world or alternatively known as an “Internet of things” being data and service.
The one use of a Cyber-Physical System is in the automotive industry. It is used for the automotive industry as there is a strong customization which allows you to manufacture effectively and efficiently in a way that the products will not altered as the production line is highly flexible due to automation technology.
Automation technology increases the production line by making it self-optimizing and self-configuration, it can diagnose any problem that arises by itself and it also provides a service of intelligent support. This allows complex work to be done in a more effective, efficient and timely manner. Figure 2: Flexible
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We also find that Industry 4.0 is very disruptive to the economy, the economy will drop initially and eventually due to the production capacity it makes a gradual incline to a positive territory. It is a slow paced, as the ability of different countries to adapt is difficult due to the negative impacts in the individual country, for example poverty or accessibility of internet and education thereof, and also relevant labour laws restrict the amount of automated services due to the possibility of a future high unemployment rate.
However on the positive aspects of Industry 4.0 is that it ultimately increases the efficiency and productivity of business thereby making business more global as you can access the business from anywhere, thereby making foreign investment more prominent and thereof increase the wealth of the country and allowing for a stronger exchange rate. By allowing this revolution it will promote education of this computerisation thereby making the citizens more aware and able to allow the general public to work for these new improved industries, thereby making the economy more efficient and
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