The Role of Internet of Things (IoT) Technology in Industry 4.0 Economy

This study stresses the merging of cutting-edge technologies, including but not limited to the internet of things (IoT), big data, artificial intelligence (AI), and robotics. In Industry 4.0, the development of intelligent factories and connected supply chains is one of the benefits of the internet of things. The IoT is a collection of objects that are connected. These devices can collect data from machines, people, and the environment, providing valuable insights into the performance of the manufacturing process. IoT also enables remote monitoring and control of industrial systems, allowing for faster response times and greater efficiency. Smart factories, capable of self-monitoring and autonomous management…