Affiliation:
1. International Hellenic University, Greece
Abstract
Due to the digitalization of life and the fiercely competitive global market, the fourth industrial revolution was inevitable. Industry 4.0 utilizes several interconnected technologies such as artificial intelligence (AI), machine learning (ML), big data (BD) to provide new solutions. The aim of this article is to provide an overview of the vital role that these technologies play in the realization and adoption of Industry 4.0, the numerous merits they can yield, and the multitude of contemporary solutions, applications, and services they can provide. Therefore, this article presents the concept of Industry 4.0 as well as those of AI, ML, BD, and big data analytics (BDA) technologies. Moreover, it goes over the potentials that these technologies could offer and the merits they could yield when applied within the context of Industry 4.0. Finally, it presents the summary of the main findings, open research issues and challenges, draws conclusions, and provides directions for future research.
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