“Industry 4.0” was coined in Germany and is becoming the European name of what is also known as Smart Factory, Smart Manufacturing, Industrial Internet among others.
Note: German and French write “industrie” instead of “industry”
You may jump to 4:55 to the explanations of 4th industrial revolution and how the German federal government came to encourage this initiative, and 12:40 for the presentation of the structure of the “platform industrie 4.0”.
Juergen takes the viewers deeper into the details and implications before linking the opportunities of Industry 4.0 to the Theory of Constraints (ToC) Body of Knowledge (around 49:00). ToC provides several mindsets, principles, methods and tools that may help to install and get the benefits of industrie 4.0 based solutions.