Industry 4.0, ushered in by the ever-changing technology landscape, is bringing in tremendous business value through increased automation. The modern technological innovations that drive Industry 4.0 not only bring in process efficiencies but are proving to be essential tools that no longer can be considered optional.

This is the era of smart homes and smart factories, where there are a number of assets and sensors that provide valuable data, lending themselves to be automated and controlled. A network of such sensors and systems that scan and aggregate this data serve as the backbone of an Internet of Things (IoT) environment. The data gathered from these yield valuable insights that can be used not just to make smart decisions but also optimally manage and control.