Industry 4.0 and Components in Production Enterprises

Abstract

The globalizing world economy is constantly challenging producers with difficult competitive conditions. Manufacturer companies determine various methods to overcome these difficulties. Industry 4.0 and IoT applications, which have been popular in recent years, are the main ones of these methods. With these methods, solutions covering almost every area of our lives started to be produced. This approach, which we also call digitalization, has spread rapidly all over the world. In order for manufacturers to have more advantageous status, they need to reduce production costs in order to achieve more production flexibility and more efficient processes. Digitalization provides great advantages for efficiency increase. This method, which covers the product life cycle in all aspects and provides instant answers, seems to be developed for many years and will remain in the focus of the manufacturers.