Quality management research trends in context of Industry 4.0: A short review

With new century we have new revolution which is Industry 4.0. That industry is helping companies to create smarter products together with services in such way that companies will reduce costs and they will increase efficiency. In that operation, human factor is crucial for the application. One of the benefits of the Industry 4.0 is the Smart factory that makes a solution. That is leading to the automated procedures. Also, it is leading to the uncomplicated setup including simple installation and sometimes very high rate of scalability. All of this features will help companies in the manufacturing process and further optimization their own processes. In the end, it will boost up their efficiency from the aspect of manufacturing. With digitalization of major industries, almost 5 million workplaces can be lost by 2020. In the same time, it will stop really fast the market demand for product which are produced using outdated technologies. Because of that, such production would be shut down because of higher costs and inefficiency in the first place.