Kaya, R.2021-12-012021-12-0120199783631803431; 9783631797709https://hdl.handle.net/20.500.12684/10017Humanity has undergone important historical phases to see the level of productivity that the industry has reached today. In the first industrial revolutions, steam-powered mechanical production facilities were developed. In the second, mass production was realized as a result of the use of electricity in mechanical production facilities. The third stage, automation in production was realized due to the development in electronics and information technology. The developments in information and communication technologies as a result of these three industrial revolutions brought forth Industry 4.0, a new revolution in production in the early 21st century. Industry 4.0 refers to the system in which new production technologies, automation systems and technologies of this system are integrated by exchanging data with each other. In this study, after a brief account of Industry 4.0, the main components of Industry 4.0 are discussed. Then, the design principles that guide the Industry 4.0 applications are explained. Finally, information about the advantages and potential challenges of Industry 4.0 are highlighted. Although Industry 4.0 is very popular, there has not been enough systematic and comprehensive research on the subject. Therefore, the issue has not yet been fully understood by vast majority. This study is aimed to contribute to the further understanding of the subject for those interested. © Peter Lang GmbH.eninfo:eu-repo/semantics/closedAccessIndustrial revolutionsIndustry 4.0Industry 4.0 - advantages and challengesIndustry 4.0 - basic componentsIndustry 4.0 - design principlesBook Chapter13272-s2.0-85091806339