Over the past century, industry in general has gone through a massive evolution. The first industrial revolution was the advent of mechanization and invention of steam power followed by the implementation of mass production and assembly lines. Notthat long ago, in Industry 3.0, people started using automated workflows and computers. Now we are in the midst of Industry 4.0 – where digitization, the World Wide Web, mass customization and pace are shaping the processes. It is a new phase and integration of cyber and physical systems where even humans are starting to be replaced by robots.