The Fourth Industrial Revolution has Arrived Today, perhaps no sector has seen such rapid changes as the manufacturing industry. In order to produce their goods faster, maintain their quality and ensure the process is cost-effective, modern manufacturing companies are embracing the latest technological advances. Several of these advances are cyber-physical systems (CPS), along with the Industrial Internet of Things (IIoT) and cloud-based computing, networks and more. Such advances help manufacturing companies to bring in new levels of effectiveness and manage real-time business data, meaning that they play a pivotal role in the creation of a fully connected 'smart factory.'