Symbiotic Relationship Between Machine Learning and Industry 4.0: A Review

Abstract

Industry 4.0 though launched less than a decade ago, has revolutionized the way technologies are being used. It has found its application in almost every field of manufacturing, cybersecurity, health, banking, and other services. Industry 4.0 is heavily dependent on interconnectivity and data. Machine learning (ML) acts as a foundation for building industry 4.0 applications. In this paper, we have provided a broad view of how ML is necessary to accomplish the benefits of industry 4.0. The paper includes ML usage in companies and the limitations of ML, which need to be mitigated. There are also some instances of the failure of ML algorithms and their repercussions. Though industry 4.0 requires a lot more inputs and capital than normal processes, the long-run benefits outweigh the initial costs. ML is gaining popularity, and extensive research is happening to exploit its potential and develop full smart applications.