Smart Gauge Reader - Making Analog Gauge Smart Gauge
Bringing Smart Technology To The Iron Age
Internet of Things (IoT) is a growing market which is creeping into more and more industries around the world. IoT is the idea of having devices and machines connected to a unified network. Statistica estimated the market value of IoT in the United States in 2018 to be about 1.3 trillion dollars. Manufacturing is one of these industries which is being revolutionized by IoT services, this phenomenon is being called the 4th Industrial Revolution or “Industry 4.0”. “It includes cyber-physical systems, IoT, cloud computing and cognitive computing". The purpose of this literature review is to examine the current state of “Industry 4.0”. Potential solutions to manufacturing plants which do not utilize smart computing technology, and finally the limits of our system which aims to allow manufacturing plants to retrofit an existing factory with smart technology.