Similar to the previous three industrial revolutions which capitalized on steam power, assembly lines, and computers, respectively, Industry 4.0, or the fourth industrial revolution also presents opportunity by capitalizing on the Internet of Things (IoT).
This evolution of manufacturing refers mainly to the smart factory, which means factories filled with sensors that collect data and optimize. These cyber-physical systems mean that rather than relying on a single machine, businesses now have networks of connected machines which use the Internet of Things (IoT).
Ilika plc (LON:IKA) is a pioneer in materials innovation and has been inventing new materials for energy and electronics applications for over a decade. Global brands such as Rolls Royce and Toyota have long term collaborations with Ilika’s development teams.
