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Overview on Industry 4.0
Industry 4.0 refers to the current trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, IoT, cloud computing and cognitive computing. Key features include interconnectivity, increased customization through 3D printing, integration of advanced analytics, reliance on cloud computing and use of autonomous robots. Challenges to implementing Industry 4.0 include high costs, lack of standards, security issues, disruptions to business models and potential job losses. For Bangladesh's garment industry, challenges include lack of government support, infrastructure and knowledge as well as availability of cheaper labor. Industry 5.0 is emerging as a future trend focused on closer human-machine cooperation and waste prevention.
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