Industry 4.0 can improve operations by enabling real-time monitoring, predictive maintenance, process optimization, and enhanced decision-making.

Factories can reduce energy consumption through measures such as upgrading equipment, optimizing processes, implementing energy-efficient technologies, and using renewable energy sources.

Factories can improve product quality by implementing quality control measures, using advanced technology, providing training to employees, and listening to customer feedback.

IoT connects devices and equipment in factories to collect and exchange data, enabling real-time monitoring, remote control, and predictive maintenance.

Key components include sourcing, production, inventory management, distribution, and customer service.