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The theory behind Industry 4.0 is that it will effectively create what has been called a 'smart factory', which utilises cutting edge technology, including cyber-physical systems, the Internet of things and cloud computing, in order to monitor the physical processes of a factory and make informed, decentralised decisions.
Energy costs are rising, and the demand for electricity is expected to double by 2050 in the UK. As demand climbs, we can either build new plants - a costly option few utilities or tax payers can afford to bear, or find ways to improve the existing infrastructure in place through supply-side efficiency solutions.