The document discusses Industry 4.0 and how it is changing manufacturing through increased digitization, automation, data collection and analysis. Industry 4.0 utilizes cyber-physical systems where machines can self-optimize, communicate with each other and optimize overall production. This leads to benefits like increased operational efficiency, new products/services, and an outcome-based economy where payment is tied to results rather than goods/services. By 2020, over 1 billion connected objects will equip factories, representing over 55% annual growth in connected devices.