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Industry 4.0 is the new revolution which has changed the manufacturing industry. The manufacturing industry has started using artificial intelligence and industrial Internet of Things technology to boost their production and at the same time keep a check on their production equipments. Machine learning techniques have ensured that very less human intervention is needed for production. This new initiative has brought smart working environments where companies can make optimum use of their available resources. The equipments also need to be better equipped with smart technologies in order to achieve the desired level of automation required for a manufacturing company.