Abstract
The Fourth Industrial Revolution is inducing significant changes in both the manufacturing and service sectors. The main purpose of the Industry 4.0 concept is to reduce the outsourcing of the European industrial production and to help to shift towards higher added value production. Using the Industry 4.0 technologies and the associated various methods and procedures the flexibility of the systems can be greatly increased. The aim of this article to provide a literature overview of the possibilities and optimization of the production related to Industry 4.0.
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