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Industrie 4.0 (I40) and The Internet ofThings (IoT) are the two most prominent buzz words in modern production technology. While the IoT has a holistic approach, the term I40, coined by the German government, focuses on the industrial applications of digitalization.

As in other areas, digitalization is a big challenge for companies and whole industries. To steadily supply goods and services of the highest quality with little waste and in the shortest possible time frames, slow processes need to be automated. This is not limited to the production and the shop floor, but rather to all business processes.

Additionally factors such as the demographic change and lack of skilled workers in many industrialized countries forces industries to increase their productivity by reducing the amount of manual labor.

Further the automatization and digitalization gives new possibilities to include analytics into the value chain. By generating more raw data to control the individual machines, this data can be refined and data can be connected to identify potential threads to the production before they actually occur. A typical example is the connection of wear on a tool in a milling machine and the amount of energy used during the cutting process.